Arthur Kroeber |
The New York Times:
Arthur Kroeber, managing director of GaveKal Dragonomics, a Beijing-based consultancy, said that when it came to the United States, in particular, “the renminbi is basically a proxy for frustration on two fronts.”
First, he said, the “vast majority of economic problems in the U.S. are self-created, but that’s an unpleasant truth to recognize and we’d rather blame the Chinese.”...
Mr. Kroeber agreed that the government’s currency policy mirrored development patterns in Japan, South Korea, Britain and even the United States.
“My perception is that the currency is part of a development strategy and the Chinese have used that in the same way it’s been used before by other countries,” Mr. Kroeber said.
Arthur Kroeber is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.
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