Last updated: 25 march, 2010 - 18:06 GMT

Is China exporting its unemployment?

Chinese Yuan notes

There's a head of steam building in Washington over China's exchange-rate policy.

The allegation is that the government in Beijing is manipulating the rate to keep the value of the currency too low. This boosts its exports and keeps Chinese unemployment lower, so making everybody else's higher. It's something the Chinese deny

Steve Evans talked to C. Fred Bergsten, director of the Peterson Institute for International Economics, and Phil Levy, now of the American Enterprise Institute and formally on the council of the President's Economic Advisors and Yale University.

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First broadcast on Business Daily


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