After a two-year hiatus, renminbi politics is back. On April 15, the US Treasury Department will release its semi-annual report on international currency regimes, and Congressional pressure is mounting for the Treasury to label China a “currency manipulator” – a term one former Treasury official calls “the Scarlet M”.
經過兩年的沉寂,人民幣政治又捲土重來。4月15日,美國財政部(Treasury Department)將發佈其半年一次的國際匯率機制報告;而來自國會、要求財政部將中國列爲「匯率操縱國」的壓力正不斷加大——一位前財政部官員將這個說法稱作是「M打頭的紅字(the Scarlet M)」。
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