exchange rates

The Renminbi: The Political Economy of a Currency

At Foreign Policy, Arthur Kroeber embarks on an epic overview of political issues surrounding the yuan, from controversial exchange rates to its questionable future as an international reserve currency. He dismisses the popular...

Wal-Mart’s Chinese Purchases Hold at $9 billion

Though the cost of Chinese goods have increased as a result of the yuan’s rise against the U.S. dollar, U.S. mega-retailer Wal-Mart said its purchases of Chinese-made shoes, toys, and other goods would hold steady this...

Edmund L. Andrews: Democrats Try New Tack Over Trade With China

From the New York Times: After nearly two years of fruitless financial diplomacy toward China over exchange rates, the Bush administration faces a growing rebellion from Congress. Senate Democrats are threatening to block President Bush’s nominee for United States trade representative, Representative Rob Portman, Republican of Ohio, who comes up for a confirmation hearing on […]

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