The US Senate sent a message last week, voting to enact measures against China for that country's currency "manipulation." It is unlikely that the House will go along with the Senate, so what we have is more gamesmanship than actual policy. But it does bring the issue of China's currency policies back to the fore.
Kenneth Lieberthal, director of the John L. Thornton China Center at Brookings, argues that both the US and China need to resolve the problem of currency manipulation, as both economies depend on a strong relationship in order to grow:
Posted
10-17-2011 7:48 AM
by
Graham Griffith
Filed under: monetary policy, global business, exports, brookings, trade, China, manufacturing, Kenneth Lieberthal, currencies, consumers, china central bank, currency manipulation