Source: Barrons

Why China has linked its currency to the U.S. dollar - and why not to worry about it

Jonathan Lipow & Yakor Plessner

China has been the target of increasingly strident US complains about it monetary policy. According to many Americans, the Chinese policy of linking their currency to the U.S. dollar constitutes an unfair trade practice. At the heart of American criticism is the belief that China's currency per artificially keeps the yuan grossly undervalued. Read more