Chinese yuan: currency manipulation?
Posted by on 14/03/10
Writing in BusinessWeek on 12 March, Nobel Prize-winning economist Paul Krugman said global economic growth would be about 1.5% higher if China stopped restraining the value of its currency and running trade surpluses. “We should not be afraid of what the Chinese might do if we pressure them to stop this currency manipulation,” Krugman said. [...]
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