» 04/22/2010, 00.00
CHINA – UNITED STATES – JAPAN
IMF joins the world to ask Beijing to revalue its currency
In its World Economic Outlook, the International Monetary Fund says only a new Chinese monetary policy can guarantee a global economic recovery. It also warns Japan to invest more. The United States prepares to hit China’s aluminium export to send Beijing a strong signal.
09/10/2007 CHINA – EUROPEAN UNION
Europe complains about low yuan
Euro-zone finance ministers criticise Beijing for keeping its currency artificially low to increase its trade advantages. The issue will be discussed October 19 when G7 finance ministers meet. The European Union is divided.
12/11/2009 CHINA – UNITED STATES
Hu and Obama in the war over the yuan
Monetary policy will be a major topic on the US president’s agenda during his official visit to China. In light of the current economic crisis, China’s currency and how it is managed cannot be ignored. Beijing is in favour of revaluation but decoupled from the greenback.
Beijing wants IMF voting quotas to reflect contributions
For China, IMF representation should reflect members’ contribution. Beijing rejects calls for yuan’s revaluation and pushes IMF to give more leeway to emerging nations and control world economy.
Economic crisis: US, China and the coming monetary storm
The massive levels reached by the foreign debt of the United States and the excessive and unjustified devaluation of China’s yuan are two high risk factors for the world economy and stability. Solutions found so far may be useful for financial institutions but not for the population. A “transnational” oligarchy is emerging that includes central banks, the Chinese Communist Party, Russia’s oligarchies and oil sheiks.
10/10/2012 CHINA - JAPAN - IMF
Islands not only reason for China IMF snub
The governor of China's central bank, who was set to deliver the closing lecture at Tokyo IMF meeting, cancelled speech and attendance. Using the diplomatic row over the Diaoyu/Senkaku Islands, Beijing is showing its irritation over the fact that it is not included in a basket of currencies used in world economic transactions.
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