Markets

Revalue or else

Name: Revalue or else
Uploaded: 2011-10-05T17:00:45.875Z
Duration: 3 min 59 s
Channel: Financial Times
Description: James Mackintosh on why China must allow renminbi to appreciate

Back in 1971 Richard Nixon risked a trade war to force the rest of the world to devalue the dollar. The US Senate is considering a similar move to force China to revalue the renminbi. James Mackintosh, investment editor, analyses why the world needs the Chinese currency to appreciate much further.

October 5, 2011

Produced by Darryl Thomson. Filmed by James MacDonald.