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A transportation policy please

American Shipper Magazine

Thursday, October 25, 2012

The most disappointing aspect of the recent political debates leading up to the election was the explicit labeling of China as a trading partner with which the United States has to get tough. Such an attitude assumes that China became the world’s factory floor merely by intervening in foreign exchange markets in order to keep its currency pegged to the dollar at a low value and by subsidizing some industries. To some extent that did fuel China’s trade boom. However, most...

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