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Business Weekly Archive: China, Zimbabwe and economics rap

27/03/2010

China, Zimbabwe and economics rap

BBC World Service - Business Weekly Archive, China, Zimbabwe and economics rap

America gets tough with China over its currency. And the rapping economics professor.

Will America label China as a currency manipulator? Plus, a new law in Zimbabwe aims to redistribute property - Is it fair? And is it economically wise?

America is getting tough with China. It argues that Beijing is keeping its currency artificially low with the result that the rest of the world has higher unemployment. Will Washington label China as a currency manipulator? Some say that could lead to a trade war. Steve Evans talks to C. Fred Bergsten, the director of the Petersen Institute for International Economics. He's just testified on Capitol Hill to a House of Representatives Committee which is due to report formally on the Chinese currency. But others are much more positive about China. Lesley Curwen talks to Jim Rogers, who used to be the partner of another legendary financier, George Soros. Nowadays he runs his own investment business in Singapore and is one of the greatest enthusiasts for China's economy, but admits that its property bubble may soon burst.However, he argues that won't stop China's progress. And a new property redistribution law in Zimbabwe: Is it fair? Is it economically wise? Plus, he wears a baseball cap sideways and low slung pants, the rapping economics Professor Dan Hamermesh, tells us how he entertains his young economics students at the University of Texas with his end of term, version of a rap.

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