Peng, Tao; Lee, Minsoo; Gan, Christopher - In: Journal of Chinese Economic and Business Studies 6 (2008) 1, pp. 49-66
China's trade surplus reached a record $102 billion in 2005 while the US trade deficit of $717 billion accounted for 5.8% of US Gross Domestic Product in the same year. US policy makers claim China's currency is undervalued about 25 to 35% against the US dollar and they blame China for holding...
