Must China be the scapegoat?

Chinese currencyIn the biggest bipartisan display since Obama took office, 90 Democrats and 40 Republicans wrote a the Treasury and Commerce secretaries demanding that China appreciate its currency or face a financial duty.  But, as international relations Professor Kevin Gallagher explains in a Politico commentary, appreciating the Chinese currency still won’t regain lost U.S. jobs.

“Rather than beat on the Chinese we should borrow from the China playbook … They’ve become the biggest producer of solar power on the planet … Wouldn’t it be better to put together a bipartisan coalition for a low-oil import economy?”

Contact Kevin Gallagher, 617-353-9348,