February 15, 2011 by Mike Powell
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There has been much news, debate and questions around the significant issue of relative exchange rates. Many argue, with some justification, that the RMB is being kept artificially weak to support China’s exports. This debate is at the heart of the tension between China the US, Japan and a number of other nations. There is no doubt that the level of foreign exchange is an important issue-but is it going to be the most important issue in the long term? Although there have been many... Read full post