renminbi’s exchange rate

The Making of China’s Trade Deficit

China registered a monthly trade deficit of $7.2 billion in March 2010, its first since April 2004. And yet, at around the same time, the United States Congress issued its loudest call ever to classify China as an exchange-rate manipulator, accusing Chinese leaders of maintaining the renminbi’s peg to the dollar in order to guarantee a permanent bilateral trade surplus.
2010.04.27. 05:00 Olvasási idő: 0 perc