Not exact matches
Despite strident comments about alleged
currency manipulation by
China, but not Japan, there is little doubt that the Reserve Bank
of Australia will implement a variety
of measures to weaken the Australian dollar.
Walter Kemmsies, managing director, economist and chief strategist at JLL Ports Airports and Global Infrastructure, notes that that many
of the job losses that are popularly blamed on NAFTA would likely have taken place even in the absence
of NAFTA, in part because
of growing competition from
China - based manufacturers, many
of which have taken advantage
of currency manipulation by the Chinese government that has rendered
China - made products more price - competitive in the U.S. Likewise, Mauro Guillen, head
of Wharton's Lauder Institute, agrees that without NAFTA, many American jobs that were lost over this period would probably have gone to
China or elsewhere.
Trump has repeatedly accused Beijing
of unfair trade practices like
currency manipulation — which helps
China make its exports more affordable — and
of stealing US intellectual property.
If true, this is the same type
of currency manipulation that the US accuses
China of committing by pegging the undervalued yuan to the sinking dollar.
Discussions by the US
of alleged
currency manipulation by
China are in the economic realm what discussions
of changing the «One
China» policy are in the geopolitical realm — unconstructive at best and possibly dangerous.
And despite this overriding political calculus, these remarks are on to something — Beijing's
currency manipulation gives
China a competitive advantage in global trade, and its abuse
of intellectual property rights ought to be condemned.
In essence, the rules which underlie the cryptocurrencies like Bitcoin are designed to take away
manipulation of currency by states, and that is mortifying for both
China and India,» Sanjay Sharma added.
As one
of the president's closest advisers, he could have input on a wide range
of issues affecting
China, from national security concerns and territorial disputes to trade matters and allegations
of currency manipulation.