Defusing Tensions over China's Exchange Rate Policy


Christopher A. McNally

Asia Pacific Bulletin, No. 48


Washington, D.C.: East-West Center

Publication Date: February 18, 2010
Binding: electronic
Pages: 2
Free Download: PDF


Tensions in U.S.-China relations have been rising recently. Trade spats, alleged Chinese hacking attacks directed at American companies, differences over Internet freedom standards, U.S. arms sales to Taiwan, and the pending meeting between Obama and the Dalai Lama are all souring the world's most important bilateral relationship. An old and especially intractable issue is now being added to this long list: the management of China's currency, the yuan or renminbi. Christopher A. McNally discusses the implications of China's exchange rate policy for U.S.-China relations.

The views expressed in this publication are those of the author and do not necessarily reflect the policy or position of the East-West Center or any organization with which the author is affiliated.