> The peg is precisely the point - those who think the yuan is
> undervalued think the peg should be broken and the currency allowed
> to float higher. The peg itself is seen by China-bashers as an
> unseemly state intervention in natural market relationships.
>
> The US is about the only country that China runs a significant trade
> surplus with. So claims about this being a systemic problem look
> overstated.
>
> You've got to wonder how this is playing in Bentonville.
>
> Doug
--------------------------------------
The fact that the USG accepted the peg as part of China's WTO accession package and was itself a form of state intervention can't be mentioned in polite company...........The only way to get rid of state interference in the economy is to get rid of the state, period.
Ian