Attaques contre la Chine : un nouveau coup dur

NEW HAVEN – Alors que la campagne des élections américaines touche à son terme, le débat semble déséquilibré. Une situation qu’illustre on ne peut mieux l’obsession à l’égard de la Chine – pointée du doigt par le président Barak Obama, comme par son concurrent républicain Mitt Romney, comme la principale cause des pressions subies par les travailleurs américains et leurs familles. Les candidats ont tous deux insisté au cours des débats sur le fait que durcir le ton vis-à-vis de la Chine contribuera à soulager la peine endurée.

Rien ne serait plus inexact. Considérons les accusations suivantes :

Manipulation monétaire. Depuis que la Chine a réformé son régime de taux de change en juillet 2005, le renminbi s’est apprécié de 32% par rapport au dollar et d’environ 30%, en termes ajustés à l’inflation, par rapport à un large panier de devises. Ces montants sont loin d’être anodins et l’on peut s’attendre à une appréciation supplémentaire du renminbi dans les années à venir.

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