Mainstream Media Misreporting

According to the mainstream media, China is going to revalue the Yuan.


Yuan Unshackled May Strengthen China Shift to Domestic Demand
Beijing cautious despite end to peg

China to ease yuan-dollar peg; any weakening to be gradualChina loosens its currency chokehold


But not according to China's own press release, which stated that
"the exchange rate floating bands will remain the same as previously announced in the inter-bank foreign exchange market" and "the basis for large-scale appreciation of the RMB exchange rate does not exist." (Bloomberg)

Translation: the currency band won't change and neither will the currency be revalued. So how's it going to change? Answer: it's not.


Either the MSM is so stupid that they believe the popular myth that China will revalue this year, or they are setting China up to be the bad guy when there is no change in exchange rates in the future.