Authors: David D. Hale, Chairman, Hale Advisors, and Lyric Hale
January/February 2008
Council on Foreign Relations
Politicians in Washington are clamoring for currency revaluation in China to reverse China's trade surplus with the United States. But the trade imbalance is not the threat they make it out to be, and a stronger yuan is not the solution. Everybody should focus instead on properly integrating China into the global economy.
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