Cam Hui

Three Reasons for a Chinese Revaluation Now

MarkCaplan: "China wants to continue to inflate."

That makes the opposite argument you intended to make: Inflating the currency would tend to LOWER the value of the renminbi relative to the U.S. dollar. Much of the world is trying to persuade China to let the renminbi RISE against the dollar, which would tend to be deflationary for China.

That's what I meant - it puts downward pressure on the RMB. That may be one reason why the Chinese want to do it now.