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.


Dave Johnson's picture

Stop China's Cheating

By Dave Johnson
May 20, 2010

Monday the U.S.-China Strategic and Economic Dialogue (S&ED) begins in Beijing. (See the Treasury Dept fact sheet on the S&ED.) Secretary of State Hillary Clinton and Treasury Secretary Tim Geithner will attend, and meet with their counterparts. more »

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Dave Johnson's picture

China Trade Surplus - No One Bought My Bridge

By Dave Johnson
May 10, 2010

This is about jobs and the world's economy. more »

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Dave Johnson's picture

China Trade: Currency, Barriers AND Industrial Policy

By Dave Johnson
May 7, 2010

Is China's industrial policy a "bigger" concern than their currency manipulation? That depends on what you think the meaning of "is" is. But China's currency manipulation and trade barriers are against trade rules, while having an industrial policy is just smart. A national industrial policy helps a country's businesses to be more competitive in the world economy. more »

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Dave Johnson's picture

IMF: ONLY Market Rate for Yuan Can Guarantee World Recovery

By Dave Johnson
April 27, 2010

According to Asia News,

In its World Economic Outlook, the International Monetary Fund says only a new Chinese monetary policy can guarantee a global economic recovery

. more »

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Dave Johnson's picture

China Currency Hearing

By Dave Johnson
April 22, 2010

This morning I watched a live webcast of a Senate hearing, titled, Senate Banking Subcommittee on Economic Policy to Examine Effect of China Currency Practices on American Manufacturing. more »

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Eric Lotke's picture

China v. US Workers: China is winning

By Eric Lotke
April 22, 2010

Today the Senate Banking Committee is holding a hearing to examine “the impact of China’s exchange rate practices on U.S. manufacturing”

Many experts will testify. I offer some pictures that might help.

1. Is China manipulating its currency? Yes: more »

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Dave Johnson's picture

India and Brazil Join Call For Chinese Currency Adjustment

By Dave Johnson
April 21, 2010

Finance officials from the G20 countries are meeting for three days beginning tomorrow. China's currency manipulation is one of the top items on the agenda because it is hurting the entire world, not just the United States. The currency is undervalued by as much as 40%, and small, incremental adjustments more »

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Dave Johnson's picture

Action Urged On China Trade Practices

By Dave Johnson
April 19, 2010

The Alliance for American Manufacturing is a partnership of manufacturers like US Steel and their workers, represented by the United Steelworkers. more »

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Dave Johnson's picture

China Shocks World With Trade Deficit Claim. Heh.

By Dave Johnson
April 12, 2010

"China posted a $7.24-billion trade deficit in March, its first in almost six years" more »

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Dave Johnson's picture

China Currency Shift: Getting Worse More Slowly

By Dave Johnson
April 9, 2010

There are rumors that China will let its currency start to rise a tiny bit. China's currency undervalued by up to 40%, which means goods made there have as much as a 40% advantage coming out of the gate, even before their other rulebreaking trade schemes kick in. more »

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