Mark Sobel(@sobel_mark):Is this a joke? The RMB is super undervalued, a major cause of China's excessive exports. The PBOC has only allowed slow RMB appreciation. It should rise far more quickly. Putting brakes on RMB appreciation is a wrong step that should be met with international criticism.

Mark Sobel

@sobel_mark

Former US Treasury/US rep IMF; US Chairman OMFIF; Non-Res Senior Advisor CSIS

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Mark Sobel@sobel_mark

2026.09.25 13:03

Is this a joke? The RMB is super undervalued, a major cause of China's excessive exports. The PBOC has only allowed slow RMB appreciation. It should rise far more quickly. Putting brakes on RMB appreciation is a wrong step that should be met with international criticism.