January 28, 2009

WEF: Yuan Talk Misguided

At the World Economic Forum summit in Davos, Switzerland, money men big wigs including Stephen Roach, Morgan Stanley's man in Asia, World Bank Chief Economist Justin Lin, and former USA Treasury Secretary Robert Rubin, agree that demanding Beijing to appreciate the Yuan would be 'economic suicide' (in the words of Roach).
Meanwhile Chinese PM Wen Jiabao spoke today emphasizing the challenges ahead for Beijing to keep th economy growing.
An excellent opinion on wrongheading thinking about the Dollar-Yuan relationship by Bret Swanson of the Center for Global Innovation was in Monday's Wall Street Journal...

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