Congressional Digest

International Debates Archives November 2010 No. 8 Vol. 8
Honorable Tim Ryan

China's Currency Policy

Trade Imbalances and the Global Economy

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Honorable Tim Ryan

U.S. Representative, Ohio, Democrat

Representative Ryan, of the Seventeenth District of Ohio, was first elected to the U.S. House of Representatives in 2002. He serves on the Appropriations Committee and cochairs the Congressional Manufacturing Caucus. The following is excerpted from September 15, 2010, testimony before the House Ways and Means Committee on China’s Exchange Rate Policy. We all believe that American manufacturers can outcompete, outperform, and outproduce anyone so long as our competition plays by the rules. But for years, our employers have been forced to compete against the nonmarket-based foreign exchange policies of the People’s Republic of China. U.S. manufacturing’s share of employment,…

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