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Peterson Perspectives
Interviews on Current Issues

China and the Presidential Debate: Clarifying the Record

October 17, 2012

In this two-part interview, Nicholas R. Lardy clarifies assertions made about China's currency during the presidential debate.

Part I
Nicholas R. Lardy explains that contrary to assertions in the debate, China has allowed its currency to appreciate 30 percent in the last seven years.

Part II
Nicholas R. Lardy says that labeling China a "currency manipulator," as Governor Romney advocates, would have little effect in the absence of Congress passing legislation to impose sanctions on China.


Book: Sustaining China's Economic Growth after the Global Financial Crisis January 2012

Book: Eclipse: Living in the Shadow of China's Economic Dominance September 2011


A Dramatic Opening with Cuba December 18, 2014

A Breakthrough on Trade November 21, 2014

Battle to Save the Export-Import Bank September 17, 2014

Record Fine for France's Biggest Bank July 2, 2014

Can the Ex-Im Bank Be Salvaged? June 23, 2014

The US Supreme Court Upends the World of Sovereign Debt June 17, 2014

Annals of Economic Nationalism: Part II May 2, 2014

A Japanese Breakthrough on the TPP? April 25, 2014

The IMF's Existential Crisis April 9, 2014

Has Harry Reid Killed Obama's Trade Agenda? January 30, 2014