Surprise. China is not a currency manipulator

Sabri Ben-Achour Dec 5, 2016
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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

Sabri Ben-Achour 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.”

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