Li and Xu present a preliminary report after three years into their quantitative research into the exchange rate of China’s currency, RMB, and its role in the trade balance between China and
the US. Many accuse China of manipulating the exchange rate in order to maintain unfair advantage in trade, they say, but there has been no quantitative evidence to back up either those
arguments or denials of them. Among their topics are trade surplus from property rights, stabilizing the currency and manipulating the exchange rate, a computable general equilibrium model for
exchange rate research, economic sanctions and free trade, and the debate is far from over. Annotation ©2016 Ringgold, Inc., Portland, OR (protoview.com)
