Move would create greater yuan flexibility and a small jump in value against the dollar.
How Does China Manipulate it's currency?
Taking on China - by Paul Krugman
On a separate sheet of paper, complete the following:
1. Draw a graph of the exchange rate market that shows how China manipulates its currency
2. Do you think that China should be blamed for currency manipulation? Yes, or no, and why?
3. What does Paul Krugman think? What does he suggest we do?