China keeps its currency, the renminbi, artificially low, which boosts its exports and trade surplus but distorts the global market. Chinese leaders, however, consider the managed exchange rate a tool in China's development strategy. Thus far the Obama administration has stopped short of calling the policy "currency manipulation," but some members of Congress are pushing for tough action. Brookings experts examine the issues and challenges in dealing with the problem.
REUTERS/Carlos Barria - An employee of the Industrial and Commercial Bank of China Ltd (ICBC) talks to a costumer at one of the bank's branch at the Shanghai Free Trade Zone in Pudong district, in Shanghai September 24, 2014.
Establishing China’s Modern Fiscal System
October 22, 2014
On October 23, 2014, the Brookings-Tsinghua Center will host a lecture on China’s transitioning fiscal and taxation systems, the challenges China's fiscal system has to confront, and how the Twelfth Five-Year Plan has affected China's economy.
Asia and the Pacific
September 30, 2014, Eswar Prasad, Karim Foda and Abhinav Rangarajan
Article | International Monetary Fund
June 2014, David Dollar
May 14, 2014, Arthur R. Kroeber
Interview | CCTV America
May 14, 2014, David Dollar
Opinion | Wall Street Journal
May 6, 2014, Eswar Prasad
March 11, 2014, Arthur R. Kroeber
Opinion | Financial Times
February 12, 2014, Eswar Prasad
Opinion | Bloomberg Briefs
January 22, 2014, Eswar Prasad and Michael Pettis
January 15, 2014
November 21, 2013, Qiao Yu
View All Research on China's Currency ›Show 10 More
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Brookings-Tsinghua Center, School of Public Policy and Management
Senior Fellow, Global Economy and Development
New Century Chair in International Trade and Economics
Senior Fellow, Foreign Policy, Global Economy and Development, John L. Thornton China Center
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