Asia Policy Point Presents
WHY THE CHINESE YUAN IS
It is the dollar that is vastly overvalued not only against the Yuan,
but also the yen, the won, and the Taiwanese dollar.
Friday, December 10, 2010, 9:00-10:15 AM
Free, Reservations Required, Coffee
Eamonn Fingleton is a former editor for Forbes and the Financial Times, who has been monitoring East Asian economics since he moved to Tokyo in 1985. The following year he met China’s supreme leader Deng Xiaoping as a member of an American delegation led by New York Stock Exchange chairman John J. Phelan, Jr. In September 1987 he issued the first of several predictions of the Tokyo banking crash and went on in Blindside, a controversial 1995 analysis that was praised by J.K. Galbraith and Bill Clinton, to show that a heedless America was fast losing its formerly vaunted leadership in advanced manufacturing to Japan.
His 1999 book, In Praise of Hard Industries: Why Manufacturing, Not the Information Economy Is the Key to Future Prosperity, anticipated the American Internet stock crash of 2000.
In his 2008 book, In the Jaws of the Dragon: America’s Fate in the Coming Era of Chinese Hegemony, he issued a strong challenge to the conventional view among Washington policy-makers and think tank analysts that China is converging to Western economic and political forms and attitudes. Sandcastle Empire is Mr. Fingleton's blog.
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