What have you always wondered about the economy? Tell us

Surprise. China is not a currency manipulator

Dec 5, 2016
HTML EMBED:
COPY
A post office employee counts Chinese yuan at a post office branch set up inside Beijing's Great Hall of the People during the National People's Congress on March 7. GREG BAKER/AFP/Getty Images

Surprise. China is not a currency manipulator

Dec 5, 2016
A post office employee counts Chinese yuan at a post office branch set up inside Beijing's Great Hall of the People during the National People's Congress on March 7. GREG BAKER/AFP/Getty Images
HTML EMBED:
COPY

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. 

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.