I could have sworn some Chinese economist was talking down the dollar.
Alternate explanation of that economist talking down the dollar (considering that unpegging requires a law change in China, not some economist talking down the currency the yuan's pegged to) - China needs a weak dollar/yuan in order to crack the European Union nad Asian markets (even though the ChiComs have a massive trade surplus with us, they have an even larger trade deficit with the rest of the world).
D'oh. Kindly substitute "and" for "nad" (I knew I shouldn't checked the "do not preview" box :-)
Yeah, I thought about the alternate explanation, too, but his talking was more like, "we're getting rid of the peg because forcing down the dollar is costing us too in domestic inflation."
I'm going home, but I'll hunt for the link tomorrow.