From the International Herald Tribune: The U.S. Treasury secretary, John Snow, has been talking to China, and the finance ministers and central bankers of the world’s 20 leading countries, the G-20, have been meeting near Beijing, with the inevitable fixation on the yuan. But the really deep, fundamental and unsustainable global imbalance is not between […]
From the New York Times: Treasury Secretary John W. Snow, touring this village in the Sichuan province to promote “financial modernization,” urged China on Thursday to take lessons from the United States on how to spend more, borrow more and save less. Mr. Snow argued that China’s consumers and entrepreneurs are badly in need of […]
From AP, via Business Week: China’s finance minister on Thursday rejected U.S. pressure for a quick end to currency controls, saying ahead of a visit by his American counterpart that Beijing will move at its own pace. Treasury Secretary John Snow, due to meet with Chinese officials in Beijing next week, is expected to push […]
From AP, via Business Week: U.S. Treasury Secretary John Snow was touring the financial center of Shanghai on Wednesday as he embarked on a visit expected to focus on China’s currency policies and its huge and growing trade surplus with the United States. Chinese officials said the currency issue would be on the agenda during […]
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