China bashers like Mitt Romney might consider going on holiday for a year or two. You’re wasting your time, guys.
As the years go on, this “news event” becomes less and less newsworthy. What’s left is just politics.
OK, stupid question. The political debate is definitely not over. On the other hand, the focus of the discussion among economists sure has changed over the past year or so. Not too long ago, everyone was arguing whether the RMB was only 10% undervalued or as much as 40%. Now we’ve got this sort of [...]
Great New York Times article on recent RMB appreciation and why the U.S. government is trying to keep it quiet. If you’re into politics, this is fun. Keep in mind that although significant appreciation has occurred (“up 12 percent since June 2010 on an inflation-adjusted basis and 40 percent since 2005″), a lot of experts [...]
Just for the record, the U.S. Senate bill that would punish China on the value of the RMB passed easily on Tuesday. I’ve consistently said that this is all political theater and that not only do all of the politicians involved know that this bill will never become law, but also that many of the [...]
I’ve been putting off a post on the topic of the current U.S. Senate bill that would punish China for the value of the RMB. I’ve been writing about this topic for at least eight years, so I’m reluctant to drag out all the old econ, trade and politics issues. That would make for a [...]
I’ll make this quick, since I’ve written this same post twice a year for the past several years. Prior to the release of the US Treasury report on international currencies, there is always a lot of hemming and hawing, hand wringing, threats, denunciations, etc. You know, the usual. Then the report comes out, and also as [...]
I trust no one was surprised when the US Treasury Department issued its currency manipulation report and, once again, failed to name China as one of the global bad guys.
Obama: weakening the dollar? I have no idea what you’re talking about. Unlike China, we’re just trying to grow our economy.
About that US Treasury report on whether China is a currency manipulator? Forget about it until after the election.
Will the Obama Administration capitalize on anti-China sentiment and label the PRC a currency manipulator weeks before the mid-term elections?
OMG! Premier Wen ‘let it slip’ that China’s government actually cares about unemployment. Stop the presses!
Yeah, so the US House of Representatives finally passed that China tariff bill. Don’t expect much else to happen though.
The latest “discussion” in Washington about the value of China’s currency has encouraged the usual Op/Ed calls for protectionism.
This regional spat automatically makes the U.S. relevant again in Asia.
It’s no accident that RMB-based trade complaints have thus far been quietly buried by the U.S. government.
The Obama administration announced that it has decided not to label China a currency manipulator in a semi-annual currency report released Thursday. Chalk up another win for Beijing.
It’s been a strange couple of days in the ongoing RMB valuation saga. Some comments on Beijing’s ‘head fake’ and the strategy behind it.
The PRC seemed to be on the verge of a RMB revaluation. But that was before the Euro tanked, harming China’s export sector and causing Beijing to rethink it’s exchange rate policy.
China’s fixed exchange rate against the US dollar continues to be blamed by a large majority of US lawmakers for helping to create global economic imbalances and stealing jobs from US industries, notably manufacturing. (FT) The rhetoric has never been this heated before, but that doesn’t necessarily mean that D.C. is actually going to do [...]