US criticises 'inflexible yuan'

Source: BBC

Washington : DC : USA | about 1 month ago

0 0

It also criticised the rapid build-up of China's foreign exchange reserves in a report to the US Congress. The Treasury said it had serious concerns about the rigidity of China's exchange rate. But it stopped short of accusing China of currency manipulation, a politically contentious issue in the...

Reach
Credibility

More News From: Washington : DC : USA

Related Allvoices Contributions

My Analysis About China

By: intellectual

I was recently in China and I too was dazzled by the modern-day miracle. China will soon surpass Japan, its neighbour and historical adversary, as the second biggest economy in the world. If the economy continues to grow at its present rate it will not be long before it surges past that of the United States. A sustained growth rate of eight ...

12 days ago
Kidnapper killed in China after failed negotiations

By: daltonvette

Shanghai, China-One kidnapper was killed by police in the city of Wenzhou, east China, after 24 hours of fruitless negotiations, which allowed the release of the four people he was holding.The kidnapper, equipped with firearms and explosives, came at dawn in a villa of Wenzhou in Zhejiang Province, a trading city whose area comes largely from the ...

12 days ago
Robert Fisk on the demise of the dollar.

By: northsunm32

Maybe it is more like the dollar doldrums as the currency weakens against many other currencies but it is probably early to announce its demise, that will be a slow and longer term process but inevitable it would seem. As the dollar weakens it will actually help some US companies that have a lot of sales overseas, even companies such as ...

about 1 month ago
Five Things the U.S. and China Actually Agree

By: azhar12

As U.S. President Barack Obama touched down in China on Sunday, his visit marked a pivotal moment in the two countries' relationship. While the U.S. and China once met to discuss topics of mutual importance, their talks are now occupied with issues of significance to the entire planet. From North Korea to Iran, global warming to global trade ...

13 days ago
- 1
- 2
- 3
- 4
- >

News Stories

US says China not currency manipulator ...

News Source: dailymail | about 1 month ago

The U.S. government said on Thursday that China did not manipulate its currency against the U.S. dollar and has made significant contribution to the world economic recovery during the first half of 2009. "No major trading partner of the United States"...
US criticises 'inflexible yuan'

News Source: BBC | about 1 month ago

It also criticised the rapid build-up of China's foreign exchange reserves in a report to the US Congress. The Treasury said it had serious concerns about the rigidity of China's exchange rate. But it stopped short of accusing China of currency...
Financial Times: US hardens stance on China’s currency rigidity

News Source: Uinta County News | about 1 month ago

The Treasury toughened its language on China in its semi-annual report on exchange rate policies. While acknowledging that Beijing had been important in steadying the global economy, it said recent moves to accumulate more foreign exchange reserves �...
US clears China on forex manipulation

News Source: Sydney Morning Herald | about 1 month ago

In a semiannual report to Congress on currency practices of key trade partners, the Treasury said it continues to believe China's yuan, also called the renminbi, is undervalued...Treasury said that China, which pumped stimulus funds into its economy...
World › U.S. Treasury leaves China off forex manipulator list

News Source: Japan Today | about 1 month ago

Treasury Department said Thursday it has determined China is not manipulating its currency to gain unfair trade advantages but reiterated its call for more flexible exchange rates. In a semiannual report, the Treasury said the yuan ‘‘remains...
Administration declines to cite China on currency

News Source: Miami Herald | about 1 month ago

The Obama administration on Thursday declined to name China as a country that is manipulating its currency to gain unfair trade advantages. The Treasury Department did say it has "serious concerns" about a lack of flexibility in the value of China's...