Japan and China announced a package of financial agreements during new Japanese Prime Minister Yoshihiko Noda’s visit to Beijing late last week, pacts that will ultimately give the yuan a greater role as an international...
The Ministry of Foreign Affairs on Wednesday commented that yuan appreciation in the near term is out of the question. While the yuan has risen around 30% against the U.S. dollar, Foreign Ministry spokeswoman Jiang Yu asserts...
An Op-Ed from Bloomberg News aggregates some of China’s Netizens’ reaction to the U.S. Currency Exchange Rate Oversight Reform Act. The commentary ranges from uncertainty to warnings of the macroeconomic implications...
According to newly released figures, China has amassed a record amount of US bonds totaling $1.175 trillion.From Bloomberg Businessweek: China, America’s largest creditor, increased its holdings of U.S. debt to a record $1.175...
A U.S. Treasury report declined to label China a ‘currency manipulator,’ a move that upset some U.S. lawmakers, but which analysts note was a necessary cautious move given the two countries’ economic...
Investors may receive a surprise from the Chinese government this year if it decides to reevaluate the currency, which the Wall Street Journal argues is looking more likely: Most economists have given up on China snapping the...
From the Wall Street Journal: China is playing a growing role in discussions over solutions to current economic problems. Much of the talk has focused on money — whether Premier Wen Jiabao’s concerns about the value...
The IMF has called on China to allow for greater exchange rate flexibility. From AFP: In its half-yearly World Economic Outlook report, the IMF said a more flexible yuan, or renminbi, would help China shift growth momentum...
From the International Herald Tribune: Paulson, meanwhile, will be leading a delegation of Cabinet members to meet with their Chinese counterparts in Annapolis, Maryland, next week at what could be the last round of high-level...
Wang Tao, an economist from Bank of America, writes on slowing foreign exchange inflows, the weakening dollar and Yuan rate revaluation. From Caijing.com.cn: By closely linking the yuan with a sharply declining U.S. dollar,...
The Journal of Indexes (“The Book of Record for the Index Industry”) has issued a special edition on the Chinese market called Understanding China, with contributions from some prominent economists and business...
From AP, via washingtonpost.com: House Democrats, citing the rising U.S. trade deficit, urged President Bush on Thursday to take action against China, Japan, the European Union and six other countries accused of unfair trade practices… The administration, they said, should pursue cases against: -China for currency manipulation and intellectual property rights violations that hurt the […]
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