lbsterling

Contrasting China Now to the U.S. in 1929

Just joining the voices praising this article for providing unusual (well, totally new to me) information about the inner workings of China's monetary system.

A question about the penultimate sentence of the article:

"China does not have a currency mismatch risk worth bothering about."

I've always understood that China's currency is 40 percent or more undervalued in relation to the dollar _ amounting to a subsidy on exports _ or is that not what you mean?