The Mangru Moment on China Currency Manipulation – The Mangru Report Episode 21 October 27, 2010Posted by Admin in Dan Mangru.
Tags: china, Congress, consumers, currency, dan mangru, goods, manipulator, manufacturing, price, quality, resolution, The Mangru Report, United States
While Congress passes a new resolution to label China as a currency manipulator, Dan Mangru evaluates whether this is just political posturing or real policy. China recently unpegged its currency (the yuan) from the U.S. dollar but has seen more pressure from the U.S. to allow it’s currency to appreciate so that U.S. manufactured goods would be cheaper to Chinese consumers.
During this Mangru Moment, Mangru also takes a hard look at whether the U.S. should fight it’s battles with China via the media, whether the U.S. should be focused on growing the Chinese market, and what’s ultimately best for America.