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- Title
China's RMB Exchange Rate Issue Needs Objectivity.
- Authors
Yu Xiang
- Abstract
The article reports that U.S. President Donald Trump publicly criticized China, labeling the Chinese as the grand champions of currency manipulation, hours after his new Secretary of Treasury, Steven Mnuchin, pledged a more methodical approach to analyzing China's foreign exchange policy on February 24, 2016. It is noted that the foreign exchange rate is an important policy issue for the two largest open economic entities. It is stated that is no proof supporting the charge that the source of the U.S. international transaction imbalance is the RMB exchange rate.
- Subjects
CHINA; FOREIGN exchange rates; TRUMP, Donald, 1946-; MNUCHIN, Steven T., 1962-; NATIONAL currencies; MARKET manipulation; FOREIGN exchange accounting; RENMINBI; INTEREST rate parity theorem; INTERNATIONAL trade
- Publication
China Business Review, 2017, p1
- ISSN
0163-7169
- Publication type
Article