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.
One-hundred Yuan notes are seen in this picture illustration in Beijing (REUTERS/Jason Lee).
Soaring Reserves Put Renminbi Back in the Spotlight
April 15, 2013, Eswar Prasad and Karim Foda
With China’s foreign exchange reserves soaring, the renminbi is back in the spotlight. Eswar Prasad and Karim Foda write that rising capital inflows have led to a surge in accumulation of reserves as China’s central bank tries to fend off pressures for the renminbi to appreciate.
Asia and the Pacific
April 18, 2013
April 16, 2013
April 2013, Arthur R. Kroeber
Interview | The Wall Street Journal's China Real Time Report
March 13, 2013, Eswar Prasad
November 29, 2012
Opinion | Financial Times
October 30, 2012, Eswar Prasad and Karim Foda
October 22, 2012, Richard C. Bush III
October 9, 2012, Richard C. Bush III
October 9, 2012
Opinion | The New York Times
September 10, 2012, Eswar Prasad
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