[Alberta's Child]

The Chinese currency is under-valued against the U.S. dollar, but it is actually over-valued against most other currencies because it rises and falls with the U.S. dollar regardless of economic conditions between China and those other countries. That's why they import so much these days -- strangely enough, the strength of the U.S. dollar ensures that imports into China from countries other than the U.S. are cheaper than products and commodities made in China itself.

[ran15]

I don't get how the Chinese currency could be undervalued versus America yet overvalued against other currencies.