Economics
U.S. Should Cut China Slack on Valuing Yuan: Laurence Kotlikoff
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President Barack Obama heads to the G-20 Summit in Seoul this week with a major goal: limiting China’s and other countries’ current account surpluses.
China is being singled out for a reason. Its current account surplus with the U.S. this year may run to $250 billion, far more than any other country. To many, this shows China is manipulating its currency, destroying jobs and limiting growth in the U.S.