Contrary to the popular view that Asia's meltdown during the 2001 recession was entirely due to a slump in exports, Peter Redward, at Barclays Capital, argues that a fall in investment played a bigger role.

ECONOMIST: Decoupling 1: Emerging Asia

Barclays currency strategists Peter Redward and Kumar Rachapudi wrote that the Chinese government tend to rev up appreciation of the yuan ahead of the annual US-China Strategic and Economic Dialogue, which will take place in Washington May 9 and 10.

FORBES: Barclays Sees China Yuan Up 5.2% In 2011