The Value of the Yuan - Redux

Someone pointed me at this article on a report by the Chinese government stating that a 5-10% increase of the value of the Yuan would cost their economy 3.5 Million export jobs hurt 10 Million farmers:

Costs of Revaluation

Numbers like this should always be taken with a grain of salt, but supposing even that they are double the actual impact, it is clear that the Chinese have a lot to lose by acquiescing to US demands. When analysing the expected movement of the Yuan / Dollar exchange rate therefore we should bear in mind facts such as this and accept that if the Yuan does move, it will be as slowly as Beijing can manage.

Thanks to immobilienblasen for bringing this to my attention.