An end to renminbi appreciation?

The renminbi’s rise against the dollar stalled at the beginning of 2012 and the currency has fallen back in the last few weeks. The scale of depreciation to date is small – little more than 1% since early May – but this is the first sustained period of depreciation since the currency peg was loosened in 2005. In this China Watch we look at what explains the shift. We also preview the coming month’s data releases.

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