A Quote by Steve Hanke

Since China embraced Deng Xiaoping's reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an ever-depreciating phase against the U.S. dollar.

Steve Hanke

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Against China December Different Dollar Embraced Ever Exchange Phase Rate Reforms Regimes Since Until

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Steve Hanke
American - Economist
Born: December 29, 1942

After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.

Steve Hanke

I knew Deng Xiaoping when he came out of prison. He had, after all, been imprisoned for nearly ten years by Mao. I know what China looked like before he took over, and so in my own mind, I don't think of Deng Xiaoping as an oppressor. I think of somebody who, faced with that crisis, made a very painful and decision with which I cannot agree. But I also think of him as a great reformer.

Henry A. Kissinger

The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced.

Robert Mundell

Deng Xiaoping made a calculation. He bet on demographics. What he knew was that China had this enormous population of young, underemployed people, people who he could move from the farms to the coast and put them to work in factories, and that would be the lifeblood of China's economy.

Evan Osnos

China on the world stage, in terms of interaction with the rest of the world, has been relatively very new due to the long isolation period until Deng Xiaoping's times.

Stephen A. Schwarzman

I think the Clintons are going to make their decision based on the merits. And their focus, like mine, is on middle class jobs. We`re in a different world than 1994. The China we dealt with in 1994 is a lot different than the China today in 2015.

Chris Matthews

Until the Nineteen-Eighties, when Deng Xiaoping designated the area as China's first special economic zone, Shenzhen had been a tiny fishing village. Suddenly, eleven million people appeared, seemingly out of nowhere; factories sprang up, often housed in hastily constructed tower blocks.

Michael Specter

China got the local currency, the yuan which is appreciating against the dollar which means that all these Chinese people have more purchasing power. And they're willing now to spend some money after saving, you know they provided America with savings for years. Now they're going to spend some money. So this means that they are willing to allow the dollar to weaken because it means that their currency, the yuan goes up, so they're actually in a winning situation.

Max Keiser

As America's nuclear strategic monopoly faded, the United States sought to create advantages elsewhere, notably in the peaceful cooperation between the United States and communist China under Deng Xiaoping.

Zbigniew Brzezinski

We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control.

Wu Yi

We continue to support phase two of the WHO's investigation in China, and call on China to allow further studies of COVID-19 origins in China.

Jen Psaki

He [Deng Xiaoping] said that he did not understand why we failed to grasp that the alternative was not democracy, but total chaos and risking all the reforms that had been achieved.

Henry A. Kissinger

While I am skeptical about the long term viability of one-party dominant political systems, I have great admiration for Deng Xiaopeng and the reforms he set China on after 1979.

Pritam Singh

If money is the root of all evil, then China's manipulation of its currency, the yuan, is the tap root of everything wrong with the U.S.-China trade relationship.

Peter Navarro

We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy.

John Olver

I found Mr. Carter's actions toward the Republic of China so incredible that they defy description by socially acceptable expletives. If December 7, 1941 was a "day of infamy" then December 15, 1978 ranks right up there in international betrayal...The pathetic thing about this whole mess, however, is that it is typical of this administration's conduct of foreign affairs, which could be kindly described as being riddled by ineptitude and hypocrisy.

Barry Goldwater

A Quote by Steve Hanke

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