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China Currency

Tide Turning on China Currency: Opponents Recycling Tired Arguments

Robert E. Scott | Posted 05.25.2011 | Business
Robert E. Scott

The real beneficiaries of cheap goods from China are workers with college degrees, and especially professionals, managers, executives and stockholders: those in the top 1 percent of all wage earners.

Why Some Corporate Interests Oppose China Currency Bill

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

It is important to understand that some of the country's most powerful entrenched, wealthy interests no longer depend on the success of America's economy and the prosperity of our people.

Summers brings back bubkes from Beijng

Robert E. Scott | Posted 05.25.2011 | Business
Robert E. Scott

Larry Summers, Director of the National Economic Council, returned empty handed from meetings this week with Chinese President Hu Jintao and other sen...

China Rejects Currency Pressure Amid Summers Visit

AP | Posted 05.25.2011 | Business

BEIJING — China rejected pressure over currency Tuesday amid a visit by two high-level U.S. envoys, saying Beijing will set the pace of exchange...

The Times gets it wrong: Ending currency manipulation would reduce U.S. trade deficits and create jobs

Robert E. Scott | Posted 05.25.2011 | Business
Robert E. Scott

An op-ed published in The New York Times last week (August 23) claimed that revaluation of the Chinese yuan would "make barely a dent in America's tra...

The G-20's China Bet | SIMON JOHNSON | Posted 05.25.2011 | Business

The G-20 is betting that China can keep its growth high enough to sustain the global economy while also not getting drawn into some sort of bubble -- ...

The Onshoring Trend Is Phony

Scott Paul | Posted 05.25.2011 | Business
Scott Paul

There's an explanation for why this "onshoring" myth has been perpetuated: it's what multinational companies want you to think.

Much Needed Currency Reform Bill Is Only a Small First Step Towards Dealing with China

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

America should impose an across-the-board tariff on Chinese goods sufficient to offset not only the effects of currency manipulation, but also all the other tricks Beijing has pulled in the past and will continue trying to pull in the future.

U.S. and China Reach 'Agreement' on Currency Dispute, Iran

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

The United States and China seem to have reached an agreement with regard to the exchange rate between their two currencies. The agreement is that the...

U.S. Jobs Depend on China Revaluing Its Currency Now

Robert E. Scott | Posted 05.25.2011 | Business
Robert E. Scott

The world economy cannot afford to wait another three years for China to revalue, nor can we depend on China's central bank to act responsibly. Congress must set a firm target and deadline for China to achieve a 40% revaluation of its currency.

China vs. U.S. Workers: China Is Winning

Eric Lotke | Posted 05.25.2011 | Politics
Eric Lotke

Yesterday, the Senate Banking Committee held a hearing to examine the impact of China's exchange rate practices on U.S. manufacturing.

Yuan Gains, But China Warns It Won't Fix Economy

AP | ELAINE KURTENBACH | Posted 05.25.2011 | Business

SHANGHAI — By loosening its currency's peg to the dollar, China is seeking to defuse complaints that it keeps its exports artificially cheap, st...

China Shocks World With Trade Deficit Claim. Heh.

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

A new announcement says China doesn't need to adjust its currency, exactly as the administration takes the currency manipulation case to the G-20.

China Currency Shift: Getting Worse More Slowly

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

China devotes a huge share of its GDP to currency manipulation. Unfair advantages bring home the bacon.

Is China Trading Fair? CAF v. CATO On CNBC

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

America's huge trade imbalance with China is the result of rulebreaking that has created a bubble that is expanding beyond all safe margins. It could lead to another worldwide economic disaster.

China's Currency Policy: China Set To Strengthen Yuan | KEITH BRADSHER | Posted 05.25.2011 | Business

HONG KONG -- The Chinese government is preparing to announce in coming days that it will allow its currency to strengthen slightly and vary more from ...

Geithner's China Visit:

AP | AIJAZ ANSARI | Posted 05.25.2011 | Business

MUMBAI, India — U.S. Treasury Secretary Timothy Geithner will visit Beijing for talks with a Chinese vice premier for economic affairs on Thursd...

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.

Big Weekend News On China Currency Problem

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

This post originally appeared at Campaign for America's Future (CAF) at their Blog for OurFuture as part of the Making It In America project. I am a ...

"Re-shoring," "On-shoring" and "Insourcing" -- The Coming New Era Of American Manufacturing

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

What will it mean to American businesses if -- I should say when -- Chinese imports cost as much as they should cost?

China Trade Reform: Mission (Not Yet) Accomplished

Leo Hindery, Jr. | Posted 05.25.2011 | Business
Leo Hindery, Jr.

We as a nation are tolerating very selfish behaviors that hurt our workers, trade balance and the national security of our country, mostly because leaders in Washington are too deferential to big finance and multinational corporations.

Lost Jobs, Lost Futures -- But There Are Alternatives

Frank Koller | Posted 05.25.2011 | Business
Frank Koller

Individual companies can do little about threats like China's "currency manipulation." But individual CEOs can lead by seriously making a commitment to regard layoffs as the last strategy before bankruptcy.

Microsoft's Actions Show America's True Colors in China

Ann Pettifor | Posted 05.25.2011 | World
Ann Pettifor

American consumers and corporations like Microsoft have helped create China's massive surplus by investing in China, or by spending their incomes buying Chinese and other Asian goods.

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...

China to US: We're Just "Emotionally Unavailable"

Mike Elk | Posted 05.25.2011 | Business
Mike Elk

You hear that President Obama? Don't fall into China's trap. While China is hanging out at the bar with its boys, it's going to be stealing our jobs and ruining the global economy.