Author: Beau Rowland

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China 2008: Revaluating the Currency Question

This next article in the CDT series on important issues facing China in 2008 focuses on the revaluation of the Chinese currency, the yuan (or renminbi). See also previous posts on Nationalism, the Developing World, the Global Financial Crisis and the Environment. The U.S. trade deficit with China hit a record $256.2 billion in 2007.  This includes U.S. imports of more than $30 billion

December 9, 2008

China Admonishes U.S. Economic Envoy

The New York Times reports that top Chinese financial officials are exhorting their U.S. counterparts to reform along no such ambiguous lines during the Strategic Economic Dialogue in Beijing.  China’s central bank governor, Zhou Xiaochuan, said: ”The important reasons for the U.S. financial crisis include excessive consumption and high leverage,” Zhou

December 4, 2008