iOS app Android app


A Revalued People's Currency? Be Careful What You Wish For

Neil K. Shenai | Posted 05.25.2011 | Business
Neil K. Shenai

By demonizing China into abandoning their currency policy and allowing the renminbi to float, the US risks upsetting a delicate economic balance between both countries.

End the Denial: Label China a Currency Manipulator

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

America and China share a terrible delusion. They are in denial about currency manipulation. Both officially state that China is not devaluing its currency. This is too costly to America.

NourChina and U.S. on ‘Collision Course' Over Yuan, Roubini Says

BusinessWeek | Allen Wan | Posted 05.25.2011 | Business

There is a 50 percent chance that the U.S. government will label China a currency manipulator, Roubini, a professor at New York University, wrote in a...

Geithner Heads To China, Hoping To Nail Down Currency agreement

AP | JOE McDONALD | Posted 05.25.2011 | Business

BEIJING — China showed its growing assertiveness Monday as it launched high-level talks with Washington, saying it will carry out currency refor...

US-China Relations: Getting Beyond Political Rhetoric

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

The cold hard truth for U.S. citizens is we must work to create a sustainable economy. We must set our sights on explosive industries such as alternative energy and health technology.

Trade Minister: Chinese Yuan Isn't Being Kept At An Artificial Low

AP | Posted 05.25.2011 | Business

GENEVA — China rejected Monday the charge that it was keeping the yuan artificially low against the dollar, but rather blamed another "major economy...

Meaningless Fervor Over China's Exchange Rate Policy

Eric C. Anderson | Posted 05.25.2011 | Business
Eric C. Anderson

According to some pundits, Beijing's fixed exchange rate explains our trade imbalance with China and a end to this practice will aid the revival of manufacturing in America. Phooey.

Obama: Currency, Trade Deficit fails to breach China's greatest wall: the price of its currency | Tania Branigan | Posted 05.25.2011 | Business

Speaking before his meeting today with the Chinese premier, Wen Jiabao, he told reporters that the American relationship with China was deepening beyo...

Palin vs. Krugman on the Dollar -- Who Is Right?

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

A falling, or "weak," dollar is great for American manufacturers. Conservatives, though, are trying to use the complexities of the relative value of the dollar in currency markets as an anti-Obama political issue.

The Yen, the Yuan and the Yunus

Jaime Pozuelo-Monfort | Posted 05.25.2011 | Business
Jaime Pozuelo-Monfort

A global currency would allow emerging economies to borrow in their own currency, avoid currency mismatches and the extreme poor can trade with each other without being exposed to currency risk.

Defying the Economic Odds

Dilip Hiro | Posted 05.25.2011 | World
Dilip Hiro

Recognizing that its time has indeed come, Beijing has decided to play an active, interventionist role in the international financial arena.

Five Chinese Cities Begin Trial Trading In Yuan, Replacing Dollars

Xinhua | Posted 05.25.2011 | World

China's State Council, or Cabinet, announced a pilot program to allow exporters and importers in five cities to settle cross-border trade deals in Ren...

Geithner Accuses China Of "Manipulating" Its Currency

Wall Street Journal | MICHAEL M. PHILLIPS | Posted 05.25.2011 | Business

President Barack Obama's nominee for Treasury secretary accused China on Thursday of "manipulating" its currency, a sharp rhetorical break from the Bu...

US, China Headed For Possible Clash Over Currency

AP | JOE McDONALD | Posted 05.25.2011 | Business

BEIJING — China's chief trade envoy urged Washington on Thursday to stabilize its economy and protect Beijing's U.S. investments as the two side...

New Chinese Yuan Loses Mao, Gains Olympics Stadium (PHOTOS)

Huffington Post | Posted 05.25.2011 | Business

The Olympics in Beijing this summer involve a lot of drastic, last-minute facelifting for China, from smog cleanup to unusual Chinese algae collection...

EU Ministers Blame Yuan, Dollar For "Supereuro"

German Press Agency Via Raw Story | Posted 05.25.2011 | Business

Finance ministers from the 13 countries using the EU's single currency called Monday for "adjustments" on global currency markets, saying the weakness...