Rmb

China's recently-announced $586 billion stimulus package (Rmb 4,000 billion) will transform its economy even faster, by promoting economic restructuring and essential green infrastructure.

Deborah Seligsohn: A "Green Lining" in China's Economic Stimulus Plan 2009

The company is also investing Rmb 6 billion $875 million to build an R&D and production facility in Xian, China that will develop the LTE technology behind future 4G handsets.

ZTE expands R&D team by 900, focusing on TD-LTE development « Boy Genius Report 2008

One key result is the confirmation that according to this criterion, the Rmb is indeed undervalued, and undervalued by a very large amount in log terms, over 70%; in level terms about 50%.

Indicators for exchange rate: is RMB under-valued? Sun Bin 2006

In other words, by conventional levels of statistical significance, the Rmb is not undervalued.

Archive 2006-06-01 Sun Bin 2006

Hence, the corresponding p-value for the hypothesis that the Rmb is undervalued is larger than conventional significance levels.

Indicators for exchange rate: is RMB under-valued? Sun Bin 2006

Speaking for myself, I do not take this as proof positive that the Rmb is not undervalued.

Indicators for exchange rate: is RMB under-valued? Sun Bin 2006

One key result is the confirmation that according to this criterion, the Rmb is indeed undervalued, and undervalued by a very large amount in log terms, over 70%; in level terms about 50%.

Archive 2006-06-01 Sun Bin 2006

Hence, the corresponding p-value for the hypothesis that the Rmb is undervalued is larger than conventional significance levels.

Archive 2006-06-01 Sun Bin 2006

One notices that the degree of measured undervaluation was not that much smaller in 1997-98, when the Rmb was widely acknowledged as overvalued, or not misaligned.

Archive 2006-06-01 Sun Bin 2006

Speaking for myself, I do not take this as proof positive that the Rmb is not undervalued.

Archive 2006-06-01 Sun Bin 2006