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Lew’s Lunch Tab Highlights China Visit

After a Tuesday meeting with Chinese president Xi Jinping, new U.S. treasury secretary Jacob Lew discussed economic reforms with premier Li Keqiang on Wednesday as he wrapped up a two day visit to China. From Reuters: “It...

CDT Money: Uneasy Status Quo?

In a week dominated by the political drama surrounding the dismissal of embattled Chongqing party secretary Bo Xilai, speculation continued over possible monetary easing despite mixed messages from officials as they seek to...

US Says China Yuan Undervalued, But Not Manipulated

While the U.S. Treasury Department has ruled that the Chinese government is not manipulating its currency, it still maintains that China must allow its currency to appreciate more quickly. From Reuters: Although the Obama...

Obama Says China Must Stop Manipulating Currency

Reuters reports that presidential candidate Barack Obama is saying China’s trillion dollar surplus is “directly related to its manipulation of its currency’s value” in a letter written to the U.S....

Persistence of RMB/Dollar Currency Issue

Both U.S. Presidential candidates have stressed the need for China’s currency revaluation in their recent policy positions, reported earlier on CDT here.  But are their proposals economically sound? Obama writes at AmCham:...

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