The Inimitable Tiff

If China did revalue the yuan, it would help cool off their economy, and it would help our economy which is something we desperately need.

Why have the Chinese been so stringent? Let’s say you’re a communist official in Beijing. Which choice would you rather face? A) Millions of unemployed young men in your central cities. B) Anything that’s not A.

Now you get the idea. The migration of people from rural China to their major cities isn’t merely big, it’s the largest migration in human history.