Tag: Renminbi revaluation

bonds conference credit rating currency currency exchange currency manipulation economic growth euro european union exchange rates G20 Henry Paulson inflation interest rates London Nanjing Nicolas Sarkozy renminbi renminbi rate reserve currency Timothy Geithner trade surplus U.S. relations United States US debt US trade deficit Wang Qishan yuan yuan trading yuan value

Rift Widens as U.S. and China Pursue Conflicting Goals

From the New York Times: They say that China emphasizes sovereignty issues while refusing to give any weight to the Obama administration’s two top priorities: containing Iran’s nuclear ambitions and rebalancing currencies and trade. The Americans have also highlighted issues of Internet censorship and security. “There’s not a lot of overlap in the Venn diagram,” an American official involved in Chi