Zitat des Tages über Yuan:
As for when to reform the yuan, there is no timetable yet.
We will not reform the yuan until the time is right even if there is external pressure.
If money is the root of all evil, then China's manipulation of its currency, the yuan, is the tap root of everything wrong with the U.S.-China trade relationship.
We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control.
It's not easy to be my sons because we're very high profile. We try so hard to give them a normal life. I'm very, very tight with them about money. I don't give that money until they ask, 'I need 100 yuan for my lunch card,' and so on. So they never have extra money.
A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.
After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.
