The Myths About China’s Currency
The debate over China’s currency propagates dangerous myths about both the Chinese economy and the potential benefits of a more expensive renminbi for the United States. […]
China
The RMB: Myths and Tougher-to-Deal-With Realities
The dispute between the United States and China over the value of China’s renminbi distracts both countries from more important reforms. Policy makers should prioritize maintaining a collaborative relationship over staging another fruitless debate. […]
Doll(ar)-Drums?
While China’s role in global trade is continuing to grow, the dollar, not the yuan or the euro, will remain the world’s leading reserve currency for the foreseeable future. […]
Bilateral U.S.-China Imbalances Not the Issue
The recent emphasis on the trade imbalance between the United States and China—which was high on President Obama’s agenda in Asia this week—is largely misplaced and diverts attention from more pressing domestic problems. […]
China’s Economic Prospects: Outlook and Policy Challenges
According to the World Bank, global economic growth is likely to contract by two percent this year. With export markets shrinking, many have questioned whether China’s domestic economy can supplement the revenue gap. […]
The Threat of Protectionism During the Financial Crisis
Drops in Chinese export figures and declines in world GDP suggest there will not be an economic recovery in the fourth quarter of 2009. The upcoming G-20 meeting must focus on halting the contraction as opposed to reforming the financial architecture. […]