Critical Questions: The China Currency Conundrum
Source: Center for Strategic & International Studies

Many observers have been convinced for several years that China’s currency, the renminbi (RMB), is undervalued. Given the relative strength of the Chinese economy, the extent to which Beijing has to intervene in financial markets to maintain the value of the RMB at current levels, and other factors, this conclusion is now widely accepted, including by many at the highest echelons of the Chinese government. What is not widely accepted or understood is the impact of China’s currency value either on China or on other markets, including the United States.

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