China’s undervalued currency and huge trade surplus pose great risks to the world economy. They threaten a major protectionist backlash in the United States and Europe; and they undermine the recovery in developing and emerging markets. Left unchecked, they will generate growing acrimony between China and other countries. But the solution is not nearly as simple as some pundits make it out to be.

><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'><B>Dani Rodrik:</B> Making Room for China</td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; '>An appreciating renminbi is likely to deal a serious blow to the Asian giant

Dani Rodrik: Making Room for China

An appreciating renminbi is likely to deal a serious blow to the Asian giants growth.

More From This Section

Ajai Shukla: Rafale's July take-off

Alokananda Chakraborty: It is okay to procrastinate

Sukumar Mukhopadhyay: GST - 'Paradise lost' from fractured design

Daniel Gros: Saving Europe's social model

Explore News