Michael Pettis

China: Can the RMB Be More Undervalued Today than It Was Last Year?

Sober realist, of course I agree that China is not a democracy, and not even close, but when you argue that this is why China favors domestic producers over foreign, then I have to disagree. The US did the same thing in the early 1930s. I think there is much to criticize, but for the criticism to be effective it should also be fair.