The US has delayed a critical report on the needed appreciation of China’s Renminbi with three months, giving the Chinese government the possibility to test and possibly change in currency policy, says Shaun Rein to CNBC. Rein expects 1 or 2 percent appreciation of the Renminbi over those coming three months, if the Chinese and US economy keep on developing well.
Domestic pressure from companies who would benefit financially as imports would become slightly cheaper, is adding to international pressure to revalue, Shaun Rein says.
Shaun Rein is a speaker at the China Speakers Bureau. When you need him at your conference, do get in touch.
Shaun Rein also contributed to our recently released book A Changing China. You can order it online or ask for a free review copy in pdf-format.