» 12/07/2010, 00.00
CHINA – UNITED STATES
US-China tug-of-war over currencies continues
Experts say that large asset bubbles created by US policy leads to inflationary pressures in China, is pushing Beijing to appreciate its currency. China instead wants a low yuan to favour exports.
At G8 Summit China pushing for an alternative to US dollar
Chinese President Hu Jintao will propose the adoption of several currencies of reference. Experts note however Beijing does not want immediate changes because some US$ 1.5 trillion of its total foreign reserves are in dollars.
20/11/2009 CHINA – UNITED STATES
US Congress threatens sanctions over China’s yuan
After Obama’s requests and the silence of China’s leaders, there is no sign that war over the value of the yuan is over. For some economists, Beijing’s monetary policy is helping the US contain inflation whilst making it easier for the world to pull itself out of the current crisis. For others, it is destroying the manufacturing capacity of the rest of the world whilst enslaving much of China’s population.
Yuan continues its rise as China is covered in snow
Chinese currency reaches its highest point. The rise this year is expected to be twice that of last year. For experts Beijing is opting for a higher yuan to fight inflation and overcome the effects of weather-related problems in transport, basic items distribution and energy supplies.
12/04/2010 CHINA – UNITED STATES
Hu Jintao to meet Obama to talk about Iran but especially the yuan
The Chinese president will meet his US counterpart in a private meeting. The two sides are likely to stop bickering over the yuan if US gets China’s vote on UN sanctions against Tehran.
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.
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