Publication
11 May 2010
The fixed, undervalued exchange rate of the yuan to the dollar has helped China boost its exports and alleviate the impact of the global economic crisis. Many countries, the US in particular, contend that China’s undervalued currency has had negative impact on the global economy. Aware that the Chinese government will refuse to budge on the exchange rate policy issue in response to outside pressures, the US has eased its criticism of China in recent weeks.
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English (PDF, 2 pages, 334 KB) |
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Author | Artur Gradziuk |
Series | PISM Bulletins |
Issue | 71 |
Publisher | Polish Institute of International Affairs (PISM) |
Copyright | © 2010 Polish Institute of International Affairs (PISM) |