RMB and global imbalances; PRC missiles to Iran?; National Plan for Addressing Climate Change; Commercial space industry

We are still waiting for the July Politburo meeting. Gita Gopinath, Pierre-Olivier Gourinchas and Hélène Rey - two former IMF chief economists and the incoming chief economic advisor at the Bank for International Settlements, respectively - wrote “Don’t blame global imbalances on the undervalued yuan” for The Economist arguing that calling on the PRC to revalue the yuan to fix imbalances, as…