Chinese RMB Revaluation

 

I wonder if Chinese revalue their currency RMD. Now it is pegged to the US dollar at the rate of 8.28. I am following this outcome very closely. Last week Alan Greenspan said Chinese government's revaluing RMB would not help US jobs or US manufacturing.

 

Complete testimony of Greenspan can be found here:

 

http://tokyo.usembassy.gov/e/p/tp-20050624-19.html