BU Now » renminbi valuation http://blogs.bu.edu/bunow News, information and research from Boston University Wed, 21 Sep 2011 18:14:24 +0000 en hourly 1 http://wordpress.org/?v=3.1.4 Must China be the scapegoat? http://blogs.bu.edu/bunow/2010/03/29/must-china-be-the-scapegoat/ http://blogs.bu.edu/bunow/2010/03/29/must-china-be-the-scapegoat/#comments Mon, 29 Mar 2010 20:46:54 +0000 Dick Taffe http://blogs.bu.edu/bunow/?p=4922 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, kpg@bu.edu

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