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U.S. Companies Blast China's Currency Policies

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U.S. Companies Blast China's Currency Policies

Business

U.S. Companies Blast China's Currency Policies

U.S. Companies Blast China's Currency Policies

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  • <iframe src="https://www.npr.org/player/embed/1393847/1393848" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Some American manufacturers say that China manipulates the value of its currency, the yuan, by pegging it to the price of the U.S. dollar. Critics say that results in a flood of cheap exports to the United States and costs American jobs. The Bush administration is under pressure to persuade China to stop the practice. NPR's Jim Zarroli reports.