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Kenneth G. Lieberthal | June 22, 2010 4:14pm

China's Currency Announcement and the U.S. Congress

Chinese one yuan coins on 100 yuan banknotes

With the G-20 Summit set to begin in Toronto on June 26, China announced over the weekend that it would increase the flexibility of its exchange rate and allow its currency to appreciate In this video, Kenneth Lieberthal discusses China’s exchange rate and how the U.S. Congress has responded to the issue.

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Kenneth G. Lieberthal

Senior Fellow, Foreign Policy, Global Economy and Development, John L. Thornton China Center

Kenneth Lieberthal is a senior fellow in Foreign Policy and Global Economy and Development at Brookings. Lieberthal was a professor at the University of Michigan for 1983-2009. He has authored 24 books and monographs and over 70 articles, mostly dealing with China. He also served as special assistant to the president for national security affairs and senior director for Asia on the National Security Council from August 1998 to October 2000. His government responsibilities encompassed U.S. policy toward Northeast and East Asia. His latest book, Bending History: Barack Obama’s Foreign Policy (co-authored with Martin Indyk and Michael O’Hanlon), was published by the Brookings Press in March 2012.

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