The main reason for the slowdown in February inflation is weaker food price rises.
That's at least $3 billion higher than my expectation.
Freeing up the currency by the end of March is impossible. In the meantime, I think China needs to speed up its currency reform. And the U.S. should learn to be a bit more patient about it.
I personally think the best option would have been a larger one-time revaluation and quicker appreciation since then.
I personally think the best option would have been a larger one-off revaluation and quicker appreciation since then.
