Brookings
A number of nations, including the United States, have accused China of keeping its currency’s value artificially low and, as a result, boosting its trade surplus at the expense of its global trading partners. China’s leaders, on the other hand, consider the managed exchange rate a tool in China's development strategy. So far, the Obama administration has stopped short of calling the policy "currency manipulation," but some members of Congress are calling for tough action. Brookings experts examine the issues and challenges in dealing with the problem.
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A number of nations, including the United States, have accused China of keeping its currency’s value artificially low and, as a result, boosting its trade surplus at the expense of its global trading partners. China’s leaders, on the other hand, consider the managed exchange rate a tool in China's development strategy. So far, the Obama administration has stopped short of calling the policy "currency manipulation," but some members of Congress are calling for tough action. Brookings experts examine the issues and challenges in dealing with the problem.
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