Is China a currency manipulator?
Hai from Shanghai
Yet Another Ex-Pat Blog
-
Showing posts tagged economy
-
On China Currency, Hot Topic in Debate, Truth Is Nuanced
Some of the more complicated exchanges during the presidential debate on Tuesday involved how to deal with China’s efforts to increase its exports by keeping its currency at artificially low levels, an issue that has had considerable effects over the years on competitiveness, trade deficits and, some economists contend, American jobs.
Both candidates on Wednesday repeated the arguments they had voiced on the campaign trail. Mitt Romney criticized President Obama for not doing more to persuade China to stop intervening in currency markets. Mr. Obama said he was tougher toward Beijing than Mr. Romney would be if he were in the White House.
The two arguments obscure a more nuanced reality: adjusted for inflation, China’s currency has strengthened considerably through much of Mr. Obama’s tenure.
-
Is China's Fast-Growing Economy Headed for a Crash?
Great “Making Sen$e” segment on PBS’s NewsHour.
Likes
-
CYBERDOG
-
SHANGHAI’S GANGNAM GRANNIES
-
HOW MY ST PATRICK'S DAY ENDED
-
Huskies look pretty pumped to be taking part in a training session at Feshiebridge, in Aviemore,...
-
WALKING PAST THAT CD HAWKER ON DONGHU LU WHO'S ALWAYS PLAYING 'THE ROSE'
