From Robert H. Smith School of Business website: The Congress is growing impatient with China’s currency manipulation and export subsidies, and is near passing legislation that would require the Bush Administration to strike back. Faced with the prospect of trade competition on a level playing field–something the Chinese Communist Party fears more than free elections–the […]
From CounterPunch: Twenty-four hours after I reported China’s announcement that China, not the Federal Reserve, controls US interest rates by its decision to purchase, hold, or dump US Treasury bonds, the news of the announcement appeared in sanitized and unthreatening form in a few US news sources. The Washington Post found an economics professor at […]
From Telegraph.co.uk: The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation. Two officials at leading Communist Party bodies have given interviews in recent days warning – for the […]
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