2008, Year of the Yuan?

Well, it seems that the IHT article about the RMB, which I blogged about just the other day, has company. I’ve just found the Time China blog, which mused just after Christmas, Is China about to revalue? They were spurred to write about this after reading an article in the Economic Observer Online, The Basis for Effective Monetary Measures. Now, that article is so stolidly written that I can’t get too excited about it… but then, the Time people do say that  “[f]inancial markets in China are again rife with rumors of an imminent, one-off, significant revaluation of the renminbi“. And they would know better than me… Still, I stick to my opinion that it won’t happen just yet.