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Why Not Get Hung Up On The Renminbi At Golden Networking's China Leaders Forum 2012

(September 4, 2012, New York) China urgently needs to rebalance its economy, both to avoid the risk of a domestic banking crisis and to reduce its excessive claim on global demand. How it chooses to do so, however, should not be constrained by too much focus on the value of the renminbi. The exchange rate is only one of the mechanisms, and not even the most important, that will determine the price of Chinese goods abroad. This issue will be discussed at China Leaders Forum 2012, "Will the Chinese Tiger Come Roaring Back After the Crisis?", October 2nd, New York City.

In China, it is domestic politics that will determine the form in which the rebalancing takes place, but as long as rebalancing occurs, the world should not overly emphasize the role of the currency.

From July 2005 to February 2012 the renminbi rose by just over 30 percent in nominal U.S. dollars. Although the revaluation has been much less than this once adjusted for changes in relative productivity growth, the increase in the value of the renminbi has nonetheless been seen, correctly, as a part of China's rebalancing process.

As it will be discussed at China Leaders Forum 2012, "Will the Chinese Tiger Come Roaring Back After the Crisis?", New York, October 2nd (http://www.ChinaLeadersForum.com), however, after rising for nearly seven years, the renminbi has dropped 1 percent against the dollar since February, setting off intense speculation about Beijing's trade intentions. Not surprisingly, the threat of a weaker renminbi making Chinese exports more competitive abroad and foreign imports more expensive in China is raising worries in a world already struggling with weak growth in demand.

China Leaders Forum 2012, "Will the Chinese Tiger Come Roaring Back After the Crisis?", October 2nd, New York City, will provide attendees with the responses to the above-mentioned questions and the most up-to-date review of where the Asian giant stands and the challenges and opportunities for businessmen looking to expand their business with China when others only see growth contraction. Topics that China Leaders Forum 2012 will discuss include:

· Internationalization of the Renminbi

· Post- crisis relationship between US and China

· The Euro Debt Crisis and How it will Affect the Chinese Economy

· China's Investments in Europe: To Save or Not to Save the Euro?

· What steps China will need to perform in order to maintain its growth and success?

Recognized experts, regulators, and strategists, will return to China Leaders Forum 2012 in its fourth edition to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

China Leaders Forum 2012 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net.