Mitt Romney Renews Promise to Label China a Currency Manipulator

Mitt Romney renewed his pledge to label China a currency manipulator "on day one" in the final presidential debate, arguing that the U.S. was losing a silent trade war with the world's second-largest economy.

Experts have warned that such a measure could backfire by provoking retaliatory action.

Overall, the Republican candidate took a milder stance towards Beijing, telling viewers on Tuesday night: "We can be a partner with China; we don't have to be an adversary in any way, shape or form."

But asked if he was formally accusing China of manipulating the renminbi and sparking a trade war, he replied