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Fang-Yuan Yuan is a doctor of the Institute of Microelectronics, Beijing, Tsinghua University.
This implies the yuan is 56% undervalued.
Four hundred million yuan is about sixty-four million dollars.
Not that Yuan is exactly a neutral, nave observer.
Fighting China over the yuan is a losing battle.
This, argue American politicians, proves that the yuan is undervalued.
The IMF's economists believe the yuan is still "moderately undervalued".
The yuan is expected to rise in value.
Yuan is another name for China's currency, the renminbi.
But 10m yuan is not what it was.
And, yes, the Chinese yuan is too low (see article).
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