Labeling China a currency manipulator would hurt US more

Labeling China a currency manipulator would hurt US more
(chinadaily.com.cn)
Updated: 2010-04-06 16:47

As the number of manufacturing and goods-producing jobs lost in America over the past decade grows, many in Washington and on Main Street are clamoring for a trade and currency war with China. However, Michael Pento, columnist for Forbes.com. argues that "the answer for the US can't be found in simply forcing the Chinese to appreciate their currency, or by devaluing the US dollar". Labeling China a currency manipulator would hurt the US more.

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