China's trade surplus has become a structural feature of the economy, so while political pressure may grow, the economic argument for a stronger yuan is weak,
More Quotes from Tim Condon:
The January-February surplus was 1.3 billion wider year-on-year, which highlights the pressure on the central bank as it attempts to dissipate some of the upward pressure.Tim Condon
This is a very political year in the U.S. and China is an easy target. It would take a massive swing to satisfy U.S. politicians. It's a failure of economic thinking, but politics is politics.
Tim Condon
There's been very strong growth balanced between domestic demand and exports and falling inflation - a very satisfactory outcome from the point of view, I would suspect, of the policy-maker.
Tim Condon
Looks like a people plan as opposed to a business plan. The emphasis seems to be improving peoples lives by improving social infrastructure. I don't know if there are enough goodies to have an impact on financial markets although if the whole country feels better it would be good for markets.
Tim Condon
Investors are conditioned to see politics-induced pricing weakness as a buying opportunity and our base case is that this time will prove no different. Still, this is shaping up as an exciting week.
Tim Condon
Readers Who Like This Quotation Also Like:
Based on Topics: Economics QuotesBased on Keywords: yuan
Films take up so much time, and with theatre, you do have to plan a period of time that you can be free.
Mike Figgis
Whatever one thinks of President George W. Bush and his unilateralist crew, most of the people laughing at us do not think we are evil. What they think is that we are naive and incompetent.
Richard Reeves
Age is an ugly thing, and it goes on getting worse.
Diana Cooper