China’s Currency: An Analysis of the Economic Issues
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Morrison, Wayne M.; Labonte, Marc
[Excerpt] This report provides an overview of the economic issues surrounding the current debate over China’s currency policy. It identifies the economic costs and benefits of China’s currency policy for both China and the United States, and possible implications if China were to allow its currency to significantly appreciate or to float freely. It also examines proposed legislation in the 111th Congress that seek to address China’s currency policy.
China; currency; trade; undervalued currency; financial crisis