A Big Stick to Compel China to Adjust Renminbi

choi

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Robert Aliber, Tariffs can persuade Beijing to free the renminbi. Financial
Times, Dec. 8, 2009.
http://www.ft.com/cms/s/0/c6683864-e398-11de-9f4f-00144feab49a.html?nclick_check=1

The teaser in the front page for this op-ed is: "How to bring China's
mindless mercantilism to heel"

Note: Definition of "bring to heel"
http://dictionary.reference.com/browse/bring+to+heel
("Force to obey, subjugate. For example, The prisoners were quickly brought
to heel. This term transfers commanding a dog to come close behind its
master to similar control over human beings or affairs. [Second half of
1800s]")


----------------Separately
(1) The Wonder of Hu, Lex Column, Financial Times, Dec. 8, 2009.
http://m.ftchinese.com/index.php/ft/story/001030149/en

My comment: Alice in the Wonderland

(2) 中国信贷政策微调无助于增长转型. VOA Chinese, Dec. 8, 2009.
http://www1.voanews.com/chinese/news/china/Increase-Loan-20091208-78814652.html
(耶鲁大学金融学教授陈志武说: "中国储蓄率高并非源于老百姓家庭储蓄率的变化，而
是大中型国有企业储蓄率激增造成的，因为它们赚到的钱根本不需要分红，也不需要上
缴国家。他说，中国这些年积累的很多财富并没有被分配到居民手中，如果不在国有企
业产权和资产升值分配方面进行改革，中国在经济模式方面的转型将会很艰难。")

My comment:
(a) Except for this last paragraph, there is no need to read the report.
(b) 陈志武 Zhiwu Chen, Professor of Finance, Yale School of Management
http://mba.yale.edu/faculty/profiles/chen.shtml
("Education
PhD Yale University, 1990
MS Changsha Institute of Technology, China, 1986
BS Central-South University of Technology, China, 1983")

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