From a Chinese perspective, chances of any change in the Yuan exchange rate look pretty slim. If you were an official in Beijing, would you stick your neck out even recommending this idea? If the status quo looks fairly acceptable, and it is 'stability oriented' (a very Chinese preference), why go rocking the boat? You certainly do not make any changes just because Japan or the US tell you to. And financial markets are not that persuasive - after all they wanted a devaluation only a short while ago. In this article, Vanessa Rossi and Simon Knapp assess the likelihood of a Yuan revaluation and its implications for the economic outlook.
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