Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts

Wednesday, January 28, 2009

About face on China?

Jan 26 - The Obama Administration is already signaling that it plans to talk tough on China's currency, but it is not clear if US policy is headed for a major change.

Many lawmakers on Capitol Hill believe China's currency is significantly undervalued, giving Chinese companies an unfair advantage in international trade.

Sunday, December 23, 2007

China, U.S. engage on currency

Dec. 13 - The value of Chinese currency was discussed at high level trade talks between the U.S. and China in the city of Xianghe on Thursday.

China expressed concern about politicizing trade issues.

The U.S. said China needs to press for a more open economy.

Saturday, December 1, 2007

China to Let Market Forces Weigh on Value of Yuan

China will allow market forces to exert more influence over the value of the yuan as the country moves toward a fully convertible currency.

China Rejects Europe’s Call for Currency to Rise Faster

China signaled Tuesday that it would resist demands for rapid appreciation of the yuan and would instead continue gradual progress toward a more flexible exchange rate.

Sarkozy calls on China to revalue Yuan

Nov. 26 - French president tell fast-growing nation it also has a growing responsibility to on economic matters

The French president's first official trip to China is flush with business deals including an agreement for China to buy 160 Airbus aircraft. But Sarkozy called publicly on Chinese President Hu Jintao to let the yuan rise more swiftly against the euro.