Fed Chief’s Help Enlisted for Trip to Press China - NY Times

Fed Chief’s Help Enlisted for Trip to Press China - New York Times

How much can China let the RMB appreciate given their nearly $1 trillion in foreign reserves? That in mind, I still think a richer RMB will be a key milestone in China's transition from investment- to consumption-led economic growth. It'll probably also lead to a spree of buying foreign companies and assets and a tidal wave of tourism that will harken back to the 80s resentment of Japan.

technorati tags:china, US, paulson, bernanke, rmb