[Far Eastern Economic Review] ...The renminbi is pegged to the dollar, so the U.S. currency's slide this year has made Chinese exports even cheaper...
Cheaper, yes--but not against the dollar-denominated US products! Indeed, if there is any effect at all it would be to divert Chinese exports to non-dollar areas and thereby *lessen* China's trade surplus vis-a-vis the US.
Shane Mage
"Thunderbolt steers all things."
Herakleitos of Ephesos, fr. 64
