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Peterson Perspectives
Interviews on Current Issues
China and the Presidential Debate: Clarifying the Record
October 17, 2012
In this two-part interview, Nicholas R. Lardy clarifies assertions made about China's currency during the presidential debate.
Part I
Nicholas R. Lardy explains that contrary to assertions in the debate, China has allowed its currency to appreciate 30 percent in the last seven years.
Part II
Nicholas R. Lardy says that labeling China a "currency manipulator," as Governor Romney advocates, would have little effect in the absence of Congress passing legislation to impose sanctions on China.
RELATED PUBLICATIONS
Book: Sustaining China's Economic Growth after the Global Financial Crisis January 2012
Book: Eclipse: Living in the Shadow of China's Economic Dominance September 2011
RELATED INTERVIEWS
A Korea-US Summit: Tensions and Opportunities: Part II May 7, 2013
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Changes under China's New Leadership: Part II March 28, 2013
Doing Business in India: High Risk, High Reward March 14, 2013
The IMF Needs Support from Congress March 11, 2013
Prospects for a US-European Trade Deal: Part II February 14, 2013
Budget Outlook after the State of the Union: Part II February 14, 2013
Prospects for a US-European Trade Deal: Part I February 13, 2013
Is the World on a Binge of Devaluation? Part II February 8, 2013