Stephen Roach and Martin Wolf on the Chinese Yuan (National Committee Members Program 2010)

The value of China's currency has jumped to the top of the U.S. foreign policy agenda with China, regularly garnering U.S. headlines, but expert analysis on the issue is lacking. U.S. leaders disagree about the effects of a re-valuation on U.S.-China trade, the creation of jobs, economic recovery and global imbalances, with heated debate on both sides.

In this program of the National Committee on U.S.-China Relations, Stephen Roach, chairman of Morgan Stanley Asia, and Martin Wolf, chief economics commentator for the Financial Times debate whether a large revaluation of China's currency—the renminbi—would make the world economy healthier, and what course the U.S. should take on this critical issue. The program was held on May 25, 2010 in New York.

The National Committee on U.S.-China Relations is a nonprofit, nonpartisan educational organization that encourages understanding of China and the United States among citizens of both countries. The National Committee's continuity of experience and depth of associations with senior officials and distinguished citizens of China and the United States make it a unique national resource. The National Committee focuses its exchange, educational, and policy programs on international relations, economic development and management, governance and legal affairs, environmental and other global concerns, mass communication, and education administration -- addressing these issues with respect to the People's Republic, Hong Kong SAR and Taiwan.

Category:

News & Politics

Tags:

• renminbi
• yuan
• RMB
• currency valuation
• Chinese currency
• China economy
• U.S.-China relations
• Martin Wolf
• Stephen Roach
• economic policy
• foreign relations
• foreign policy
• U.S.
• China
• trade
• globalization