Mitt Romney renews promise to label China a currency manipulator

United States

lose the trade war with China in silence, said Republican candidate for the discussion of television as experts warn against retaliation

Mitt Romney has renewed its commitment to label China a currency manipulator "from day one" in the last presidential debate, arguing that the United States lost a trade war in silence with the second economy largest in the world.

Experts have warned that such a move could backfire by provoking retaliation.

Overall, the Republican candidate has taken a softer stance in Beijing, saying Tuesdaynight viewers: "We can be a partner with China, it does not take an opponent in any manner whatsoever . "

But when asked if he was formally accused China of manipulating the yuan and triggered a trade war, replied: "There is going on right now, we do not know c is silence .. And winning. "

"We must say to our friend in China ... you can continue to maintain the value of its currency, the theft of our intellectual property, counterfeit products are sold worldwide, including the United States States. "

United States

not qualified to China a currency manipulator since 1994, although successive administrations have considered doing. Some observers doubt that Romney is moving forward.

Zhiwu Chen

, professor of finance at the Yale School of Management, said in his widely followed Sina Weibo account: "Romney can not say anything before he became president, but you can tell."

The value of the Renminbi against the U.S. dollar has increased by about 11% - after adjusting for inflation - since Barack Obama took office. Economist Paul Krugman, who has repeatedly called to pressure China on the yuan in the past, refers to its evaluation as "a problem whose time has passed" in a blog post Monday.

• labeling China a currency manipulator would be largely symbolic move - which requires only negotiations between countries - and Romney has not committed to following specific measures such as the imposition of customs
"This could cause a reaction. Suffice it to say that he was a manipulator drawing an angry reaction from the press, but I do not [necessarily] have an impact much more than that" said Alistair Thornton, China economist at IHS Global Insight.

Richard Bush III The Brookings Institution, wrote this week that the worst trade war slows growth and rising unemployment in both countries and rising inflation and interest rates United States.

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