The revaluation is unlikely to take away China���s competitive edge, especially if it dampens the recent acceleration in its prices via more imports. Robert Mundell, US professor of trade and Nobel Prize winner in economics (1999), predicted in April that a revaluation would just be a ���drop in the bucket���. It could yield even the opposite of what the US wants, by cooling-off prices in the recently inflating economy; that will make Chinese exports not only more price-competitive.