Is the Chinese Currency Overvalued?

The chinese have had this massive credit expansion domestically. It's en well over 200 % of their g d p is th just domestic credit. So now you've got a situation where their currency is overvalued. They're not selling enough stuff abroad to keep that economy growing the way it needs to, because they're not there yet in terms of domestic consumption led economy. And it's out control s. That's the problem for the bean back over second yeforthe, for the average american that's out there paying attention to the news.