China and the Presidential Debate: Clarifying the Record

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.


pp20121017lardy.pdf (121.58 KB)