renminbi revaluation

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...

Geithner Says Strict Policy on Currency Hurts China

At a G20 sponsored international financial conference this week in Nanjing, Timothy Geithner again urged China to reform its currency exchange rates. From the NYTimes: Treasury Secretary Timothy F. Geithner urged China again on...

Rift Widens as U.S. and China Pursue Conflicting Goals

From the New York Times: They say that China emphasizes sovereignty issues while refusing to give any weight to the Obama administration’s two top priorities: containing Iran’s nuclear ambitions and rebalancing currencies and...

China Debunks `Domino Theory’ in World Markets

Given all the recent US government bluster about the value of China’s yuan, the topic got startlingly little play in the just-concluded round of talks between the US Treasury Secretary and Chinese Vice-Premier Wang Qishan....

Yuan Slips vs. Dollar But Has Record Quarterly Rise

From Reuters: The yuan dipped against the dollar on Monday, guided by the Chinese central bank ahead of a visit to China by U.S. Treasury Secretary Henry Paulson, but its appreciation in the first quarter is set to be the...

Revalue Renminbi to Rebalance Trade, Says EU – Tony Barber

From The Financial Times: China should revalue the renminbi to boost domestic demand, remove obstacles to banking reform and cool an overheating heavy industry sector, Peter Mandelson, the European Union ‘s trade commissioner, said on Thursday. In a speech in Washington that highlighted the EU’s growing concern over China’s currency management and commercial practices, Mr […]

China’s Trade Surplus Soars to Record $26.9 Billion – Nipa Piboontanasawat

More ammunition for the U.S. in its aborning trade war with China, via Bloomberg: The trade gap, released by the customs bureau today, widened by 87 percent from a year earlier after exporters rushed to beat cuts in export tax rebates. A Bloomberg News survey of 15 economists had a median estimate of $23.8 billion. […]

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