Is China the Great Currency Manipulator?
Nouriel Roubini, Forbes | April 2, 2010
China will likely be labeled a “currency manipulator” in the upcoming US Treasury report on foreign currency arrangements. ++ This label could carry a greater diplomatic than economic cost, potentially leading to a trade war. ++ Congress is putting pressure on the Treasury to adopt the label after China’s 2008 decision to re-peg to the dollar. ++ The administration believes in remaining silent on China and private diplomacy on the issue has failed. ++ Experts agree that now is the time to crack down on the rising superpower.
