China Economic Review
Charting China’s changing economic terrain · Since 1990
Shaun Rein on a "stronger renminbi"
November 22, 2009
Shaun Rein, founder of the China Market Research Group, on how a stronger Chinese currency would not benefit the US economy:
"Even if China’s currency were to appreciate, production would just move to cheaper countries like Vietnam, not back to America. Unless there are structural reforms to America’s economy, a stronger renminbi will not lower the trade surplus in any meaningful way.”