Surprise. China is not a currency manipulator

President-elect Donald Trump is wrong when he says China is holding its currency down. According to the U.S. Treasury Department, China is not a currency manipulator.  It may have been in years past, but for the past two years or more, economists have observed that China is — if anything — propping its currency UP, not holding it down. In the words of one economist, China is “doing the U.S. a favor.”

Click the above audio player to hear the full story.