Doubt anyone would disagree with him regarding the need to rebalance and forcing it does not seem difficult. Talking about boosting RMB-settled imports almost seems like a way of avoiding talking about the real problem which is mitigating the difficulties associated with rebalancing. Some will benefit greatly, but many will not.
Doubt anyone would disagree with him regarding the need to rebalance and forcing it does not seem difficult. Talking about boosting RMB-settled imports almost seems like a way of avoiding talking about the real problem which is mitigating the difficulties associated with rebalancing. Some will benefit greatly, but many will not.
I delved further on this topic: https://open.substack.com/pub/wenchiyu/p/rmb-trade-and-power-stewart-paterson?utm_campaign=post-expanded-share&utm_medium=post%20viewer Really interesting to see how Beijing manages RMB over the years.