Drumbeats for China to Appreciate Renminbi

choi

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(1) Michael Wines, China’s Growing Economic Power Is Unsettling the
Neighbors. New York Times, Dec. 10, 2009.
http://www.nytimes.com/2009/12/10/world/asia/10jakarta.html?_r=1&scp=1&sq=wines%20china%20indonesia&st=cse

Note: lash (vt.): "to bind with a rope, cord, thong, or chain so as to
fasten" Webster (3rd ed, 1961) (Note: The same spelling, this "lash" has a
different etymology from the "lash" which means "strike with a lash.")

My comment: It used to be Asean enjoyed huge trade surplus with China. This
year, according to the report, it is trade deficit.

(2)
(i) Keith Bradsher, Recession Elsewhere, but It’s Booming in China. New
York Times, Dec. 10, 2009.
http://www.nytimes.com/2009/12/10/business/economy/10consume.html?scp=3&sq=bradsher%20china%20cars&st=cse
(More cars, household appliances and desktop computers are sold in China
this year than in US, but those are measured by units--in terms of values,
US is still ahead)

My comment: This report is misleading in two aspects:
(a) In December, 2008, iSuppli reported that orldwide, laptop outsold
desktop. Americans buys more laptops than desktops. But this report does not
mention laptops sale.
(b) In China retail sales include those sold to governments; not in US.


(ii) Keith Bradsher, A Land Where Car Sales Leap, but Gasoline Sales Stay
Flat. New York Times, Dec. 10, 2009.
http://www.nytimes.com/2009/12/10/business/global/10conspiracy.html?scp=1&sq=bradsher%20china%20cars&st=cse

(3) 中国官员称有很好理由让人民币贬值.
http://www1.voanews.com/chinese/news/china/DepreciateYuan-20091209-78903557.html
(中国人民银行副行长朱民: 中国今年的出口可能会下滑16%, 中国有很好的理由让人民
币贬值，而不是升值)

My comment: There is no need to read the rest of this report.

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