At Foreign Policy, Arthur Kroeber embarks on an epic overview of political issues surrounding the yuan, from controversial exchange rates to its questionable future as an international reserve currency. He dismisses the popular...
With the Chinese yuan rising 0.41 percent versus the dollar in the last two weeks, China’s five-year notes and comparable U.S. Treasury issues was at a record high yesterday. The growing strength of the yuan was boosted...
At a G20 sponsored international financial conference this week in Nanjing, Timothy Geithner again urged China to reform its currency exchange rates. From the NYTimes: Treasury Secretary Timothy F. Geithner urged China again on...
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...
Given all the recent US government bluster about the value of China’s yuan, the topic got startlingly little play in the just-concluded round of talks between the US Treasury Secretary and Chinese Vice-Premier Wang Qishan....
From Reuters: The yuan dipped against the dollar on Monday, guided by the Chinese central bank ahead of a visit to China by U.S. Treasury Secretary Henry Paulson, but its appreciation in the first quarter is set to be the...
From The Financial Times: China should revalue the renminbi to boost domestic demand, remove obstacles to banking reform and cool an overheating heavy industry sector, Peter Mandelson, the European Union ‘s trade commissioner, said on Thursday. In a speech in Washington that highlighted the EU’s growing concern over China’s currency management and commercial practices, Mr […]
More ammunition for the U.S. in its aborning trade war with China, via Bloomberg: The trade gap, released by the customs bureau today, widened by 87 percent from a year earlier after exporters rushed to beat cuts in export tax rebates. A Bloomberg News survey of 15 economists had a median estimate of $23.8 billion. […]
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