Paul Krugman: Holding China to AccountQuicklink submitted by Sheila Samples Permalink
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|One of the arguments against holding China accountable can stand serious scrutiny. Some observers question whether we really know that China's currency is undervalued. But they're kidding, right? The flip side of the manipulation that keeps China's currency undervalued is the accumulation of dollar reserves -- and those reserves now amount to a cool $3.2 trillion.|
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