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...
by Scott Greene | Oct 24, 2011
In Forbes, Baizhu Chen of USC’s Marshall School of Business questions the logic of Americans insisting on paying higher prices for Chinese goods: The argument is that this is good for the U.S. economy because cheap Chinese...
by Scott Greene | Oct 18, 2011
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....
by Sophie Beach | Oct 11, 2011
With the U.S. Congress debating a bill that would impose tariffs on China for undervaluing the yuan, the Chinese government has launched an unprecedented lobbying effort to influence U.S. policy, Reuters reports: A 12-member...
by Sophie Beach | Jun 24, 2011
A coalition of 45 U.S. business groups have rejected Congressional efforts to pressure China to raise the yuan rate. From Reuters: “We agree that China needs a yuan exchange rate that responds to trade flows and that China...
by Sophie Beach | Apr 15, 2011
The U.S. and China have both agreed to participate in an international process that will evaluate the risks that major economic powers pose to global development. The New York Times reports that China is the primary target in...
by Sophie Beach | Dec 30, 2010
Bloomberg reports on speculation that the Chinese government will allow the currency to rise in order to tame rising inflation: The yuan strengthened beyond 6.6 per dollar for the first time since 1993 on speculation China will...
by Sophie Beach | Oct 10, 2010
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...
by Sophie Beach | Oct 4, 2010
The Christian Science Monitor looks at the simmering dispute with China over its currency from the perspective of American workers: The bipartisan support of Maine’s paper industry illustrates a shift in attitudes toward...
by Sophie Beach | Sep 23, 2010
Despite rising impatience in the U.S. over China’s inaction on exchange rate reform, Premier Wen Jiabao and President Obama pledged to work together to help solve the global financial crisis. From Bloomberg: In remarks to...
by Sophie Beach | Sep 22, 2010
From Bloomberg: The U.S. House Ways and Means Committee said it will meet Sept. 24 to consider legislation to push China to raise the value of its currency. The committee said today in an e-mailed statement that it will consider...
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