China Currency Showdown

As many as 3 million jobs are being lost as a result of China's unfair trade practices, including currency policies that make Chinese goods sold here artificially cheap and U.S. goods sold in China more expensive. The posts on this page will help you understand and communicate the connection between China's currency practices and unemployment here at home.


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Call Congress On China Currency

By Dave Johnson
July 12, 2010

Call Congress and demand action on Chinese currency. Visit www.metalworkingadvocate.org/action. Call 202-224-3121. China has up to a 40% pricing advantage resulting from currency manipulation and a lot of good jobs are riding on doing something about this. more »

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After Saying China Manipulates Currency Treasury Dept. Declines To Say China Manipulates Currency

By Dave Johnson
July 8, 2010

In April Treasury Secretary Geithner sidestepped an official declaration that China is manipulating its currency by acknowledging that China "pegs" its currency and that this is harming the world-s economy, but put off a formal declaration of currency manipulation. more »

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What's China Doing?

By Dave Johnson
June 25, 2010

As today's Progressive Breakfast points out, NYT news reports suggests move is for real, part of fundamental change in Chinese economy: more »

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Why China’s Currency Announcement is Hokum

By Robert Reich
From robertreich.org
June 22nd, 2010

robertreich.org — The stock market is euphoric over China’s apparent decision to allow its currency to rise against the dollar. Watch your wallets. China isn’t really changing anything. It’s only doing the minimum to prevent Congress from listing China as a currency manipulator, leading to a squeeze on Chinese imports.

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Sorting Out China's Currency Move

By Dave Johnson
June 22, 2010

Over the weekend China announced a change in its currency policy. But is it for real? Or is it designed to head off Congressional action? more »

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China - Industrial Policy, Not Just Currency

By Dave Johnson
June 21, 2010

America needs an economic/industrial policy like other countries have. THAT is how we will pay off our debt -- by earning money. more »

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China Loosening Currency Peg - Update: Never Mind?

By Dave Johnson
June 21, 2010

China's central bank announced over the weekend that it will gradually loosen their currency from its tie to the dollar (but see note below). more »

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China Says G20 Should Not Discuss Currency Imbalance

By Dave Johnson
June 17, 2010

Treasury Secretary Geithner delayed a required April 15 declaration that China is manipulating its currency, saying it will instead be taken up by the G20. China has now warned other G20 countries that the G20 meeting in Toronto next week is not the appropriate place to discuss their currency manipulation, saying that would be "finger-pointing." more »

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China Currency Still Manipulated - Senate To Act

By Dave Johnson
June 11, 2010

After all this time China is still manipulating its currency, the Obama administration is still not able to get them to change, their exports are still rising relative to the rest of the world, global imbalances are still bubbling out of control, jobs are still being lost, and the Senate is getting ready to force the situation to change. more »

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China Dialogue - No Currency Agreement

By Dave Johnson
May 25, 2010

The US-China Strategic and Economic Dialogue has concluded. It is remarkable for two countries to engage in a dialog such as this, and efforts like this to constructively manage differences can both help keep conflict from arising and help both countries achieve economic success. Bravo! more »

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