No Hasty Appreciation.

The author reflects on the criticism of the value of the renminbi or Chinese yuan by the U.S. in 2010. He says that the huge trade deficit of the U.S. with China, its unemployment rate, and an imbalance in the global economy were all attributed to the undervalued yuan by many U.S. senators. He cites the effect of the efforts of China to keep the yuan stable on the global economic recovery. He argues why China should subdue any external pressure on the sharp appreciation of its currency.