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Will he fan the calls for "revolution" among his most outraged supporters?
BEIJING — He Fan, an economist at the Chinese Academy of Social Sciences, likes to quote Oscar Wilde when discussing the renminbi, the Chinese currency.
He Fan, the chief economist of Caixin Insight Group, said: "The decline indicates the nation's manufacturing industry has reached a crucial stage in the structural transformation process".
As the rational economist He Fan said last year, at the beginning of the Year of the Dragon: Feng shui may not be rational, but it is "symbolic," "and that's important, because that's how China's political culture works".
"Recent volatilities in global financial markets could weigh down on the real economy, and a pessimistic outlook may become self-fulfilling," said He Fan, Caixin Insight Group's chief economist.
Then, in The China Daily last week, He Fan, an economist at the Chinese Academy of Social Sciences, warned that if China's currency appreciated strongly (as many in Washington are demanding), the central bank would be forced to sell dollars, "which might lead to a mass depreciation of the U.S. dollar".
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