With policymakers failing to make progress on the critical issue of global imbalances, America has no alternative but to put China on notice. Privately but promptly, Washington has to inform Beijing it will label it as a currency manipulator, back legislation treating the manipulation as an export subsidy, and take it to the World Trade Organisation if it does not let the renminbi rise significantly.
由于各國政策制定者未能在全球失衡這一關(guān)鍵問題上取得進(jìn)展，美國別無選擇，只得對中國發(fā)出警告。華盛頓方面必須私下里即刻告知中國政府，如果中國不大幅提升人民幣匯率，就將把中國列為匯率操縱國，支持將操縱視作出口補(bǔ)貼對待的立法，并向世貿(mào)組織(WTO)提出申訴。
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