人民币贬值会是李克强的经济药方吗？

choi

Craig Stephen, 人民币贬值会是李克强的经济药方吗？  华尔街日报中文版, July 30, 2013
http://cn.wsj.com/gb/20130730/col134220.asp

, which is translated from

Craig Stephen, Is Yuan Devaluation the Real ‘Li Keqiang Put’?  Commentary: Stimulus opening shrinks as Beijing calls in auditors. Market Watch, July 29, 2013 (in his weekly blog This Week in China)
http://www.marketwatch.com/story ... iang-put-2013-07-29

Quote:

"Now, stimulus through devaluation appears one of the few policy options left on the table. While this would draw political flak, China would only be using a longstanding policy of nations seeking to stimulate and reflate their way out of debt. The most recent example is, of course, Japan and its Abenomics. * * * Exports are still an important part of China’s economy, particularly for generating employment.

"A strong currency has not raised China’s miserly levels of consumption spending, currently around 35% of GDP, or around half of that of the U.S. But the yuan’s level does appear to have massively stimulated shopping abroad. Last year, Chinese travellers outspent every nation on earth, racking up a record $102 billion on overseas spending. Perhaps one reason for this contrast of frugality at home and splurging abroad is that the yuan simply goes a lot further overseas due to its strength.

My comment:
(a) "A strong currency." Renminbi has been strong for some time. But how long, I do not know. I learned of it only last week, when an Economist article brought it to my attention.

(b)
(i) put
* (transitive verb): "1c
(1) to send (as a weapon or missile) into or through something : THRUST
(2) : to throw with an overhand pushing motion <put the shot>"
* (noun): "a throw made with an overhand pushing motion; specifically : the act or an instance of putting the shot"
http://www.merriam-webster.com/dictionary/put

(ii) shot put
http://en.wikipedia.org/wiki/Shot_put
(section 1 History: The shot put is a track and field event involving "throwing"/"putting" (throwing in a pushing motion) a heavy spherical object —the shot—as far as possible)
(iii) overhand (adj): "made with the hand brought forward and down from above shoulder level"
http://www.merriam-webster.com/dictionary/overhand

If you go to images.google.com and type "overhand," yuo will see examples in boxing and volleyball serve.