“Our currency isn’t undervalued,” it is to laugh! But China has real fear.

It’s coincidently Orwellian to hear the land of the giant puzzle palace pretend their currency isn’t undervalued. The Chinese Ministry of Mis-information is burning the midnight oil, especially now since oil is back under $80 per barrel. Maybe we missed something in translation, but if we didn’t it’s ludicrous, even for the Chinese who prefer edict to argument, to argue about their currency valuation.