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	<title>China Financial Markets &#187; Net demand</title>
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	<description>Michael Pettis&#039; finance blog...</description>
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		<title>Should China Devalue the Yuan?</title>
		<link>http://www.mpettis.com/2009/02/15/should-china-devalue-the-yuan/</link>
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		<pubDate>Mon, 16 Feb 2009 06:50:25 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Balance of payments]]></category>
		<category><![CDATA[Currency regime]]></category>
		<category><![CDATA[Exports and imports]]></category>
		<category><![CDATA[Trade protection]]></category>
		<category><![CDATA[Net demand]]></category>

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		<description><![CDATA[As I reported in last Thursday’s blog entry, last week the research institute associated with China&#8217;s Ministry of Finance published a report on its website arguing that China&#8217;s central bank should &#8220;actively guide&#8221; the yuan’s exchange rate and devalue the currency to about 6.93 against the US dollar. The purpose of depreciating, the report said, [...]]]></description>
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