China's currency policy

China's currency policy:

Why China's exchange rate policy concerns us
Martin Wolf, Financial Times, December 8, 2009
What we are seeing is a failure of adjustment to changes in global competitiveness that has unhappy precedents, notably during the 1920s and 1930s, with the rise of the US, and during the 1960s and 1970s, with the rise of Europe and Japan, writes Martin Wolf.
http://www.ft.com/cms/s/0/afac7ada-e448-11de-bed0-00144feab49a.html


Calls For Protectionist Retaliation Against China Rise
Yves Smith, Naked Capitalism, December 9, 2009
What is truly remarkable about two comments in the last two days in the august Financial Times, is that they both say protectionism against China is likely. And both pieces were written by reputable economists, the last people you'd expect to be talking about trade barriers as a last ditch option.
http://www.nakedcapitalism.com/2009/12/calls-for-protectionist-retaliation-against-china-rise.html