currency revaluation

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Yuan Gets More Room to Float

China’s central bank will expand the daily yuan trading band against the dollar. The announcement came after first quarter economic data that China’s gross domestic product growth had slowed to 8.1%.  From China...

China Takes Center Stage in U.S. Election Dialogue

With next year’s U.S. presidential race already in full swing, Republican hopefuls have much to dispute but one clear point of agreement: China. The Wall Street Journal analyzes the latest aggressive criticism from U.S....

The Trouble With Asking China to Act Like the U.S.

The New York Times’ Week in Review looks at recent developments in U.S.-China relations and offers an opinion of what the U.S. might be doing wrong: A key part of America’s relationship with China now turns on a question...

Video: US-Sino Currency Rap Battle

Presidents Hu and Obama take bilateral relations to the rap battlefield in this animation by Next Media Animations (h/t Danwei): (Obama: “And while you’re at it won’t you get some sense and stop beating up...

Paul Krugman: We’re Not China

In the New York Times, Paul Krugman argues against comparisons between Europe’s complaints about a weak dollar and U.S. complaints about an undervalued yuan: What the United States is doing is an expansionary monetary...

U.S. Backs Off in Currency Dispute with China

The U.S. Treasury Department has postponed its announcement on whether China is a currency manipulator. From Reuters: The Obama administration backed away on Friday from a showdown with Beijing over the value of China’s...

Currency Rift With China Exposes Shifting Clout

The New York Times reports: Over seared scallops and beef tenderloin, Treasury Secretary Timothy F. Geithner urged his counterparts from Europe, Canada and Japan to help persuade China to let its currency, the renminbi, rise in...

Washington Post: Mr. Wen Confesses

The Washington Post published an editorial commenting on recent comments by Premier Wen Jiabao about why the government will not give into pressure to revalue its currency: Specifically, Premier Wen Jiabao announced in Brussels...

Paul Krugman: Taking On China

Nobel laureate Paul Krugman writes a column in support of the recent bill passed by the House of Representatives calling for stronger action against China for not raising the value of its currency: Diplomacy on China’s currency...

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