Search Results for 'China'

Currency Rift With China Exposes Shifting Clout

At a private dinner on Friday at the Canadian Embassy, finance officials from seven world economic powers focused on the most vexing international economic problem facing the Obama administration. Over seared scallops and beef tenderloin [...]

Posted On : Oct, 11 2010 | Comments : 0

INTERVIEW - China should keep yuan stable, resist U.S.

Yi Xianrong, an economist at the Chinese Academy of Social Sciences, a top government think-tank, described U.S. legislation aimed at forcing China to speed up the rise of the yuan as "nonsense". He urged Beijing to find ways, [...]

Posted On : Sep, 28 2010 | Comments : 0

Big yuan appreciation would mean bankruptcies: China

Chinese Premier Wen Jiabao pushed back on Wednesday against US pressure to revalue the yuan, as US lawmakers threatened to penalize China for keeping its currency artificially low. Wen, who is due to meet US President Barack Obama [...]

Posted On : Sep, 23 2010 | Comments : 0

Not yet clear if moves to pressure China legal: USTR

The Obama administration has not determined yet whether various proposals in Congress aimed at pressuring China to revalue its currency are legal under World Trade Organization rules, the top US trade official said on Monday. " [...]

Posted On : Sep, 21 2010 | Comments : 0

US lawmakers grill Geithner on China currency stance

Treasury Secretary Timothy Geithner sought to convince skeptical U.S. lawmakers on Thursday he was taking a tougher line on China's currency and trade policies, but Beijing warned that pressure from Washington could backfire. St [...]

Posted On : Sep, 18 2010 | Comments : 0

China economy appears to settle; dodges hard landing risk

The Chinese economy appears to be stabilising after several months of slowdown, reducing the risk that the country will suffer a hard landing as post-crisis stimulus is withdrawn. Coming on top of a surge in imports last month, the [...]

Posted On : Sep, 15 2010 | Comments : 0

Australian, New Zealand Dollar Falls Affecting China’s Growt...

The demands for exports from South Pacific nations will decrease in China, as a consequence of the fall of Australian and New Zealand Dollar. China’s growth domestic product became 10.3 percent in the second quarter and the ind [...]

Posted On : Jul, 16 2010 | Comments : 0

Obama says China's yuan move a constructive step

"China's decision to increase the flexibility of its exchange rate is a constructive step that can help safeguard the recovery and contribute to a more balanced global economy," Obama said in a statement. Beijing said earli [...]

Posted On : Jun, 21 2010 | Comments : 0

China - Yuan Currency Not to Blame for US-China Trade Gap

China's Foreign Ministry says its currency policy is not to blame for the U.S. trade gap with China, rejecting renewed pressure by the United States to let its currency rise in value. Spokesman Qin Gan said Monday China's exchang [...]

Posted On : Jun, 15 2010 | Comments : 0

Time is ripe for China to revalue yuan: World Bank chief

World Bank President Robert Zoellick said Monday that it was timely for China to revalue its currency, amid US criticism that Beijing was deliberately keeping the yuan down to gain a trade advantage. He said that as export-driven Ch [...]

Posted On : Mar, 30 2010 | Comments : 0

China Proclaims to Keep Exchange Rates Unchanged

After turning down US's suggestions on raising the value of the exchange rate for enhancing balance in the global economy, China has been expressing its confidence in keeping Yuan Stable, since Friday. Liu He, a senior official [...]

Posted On : Mar, 27 2010 | Comments : 0

Aussie Touches 7-Week High on Rates, Jobs Outlook, China Tra...

The Australian dollar rose to its strongest in seven weeks before a report tomorrow economists say will show employers added jobs for a sixth month, spurring expectations for an interest-rate increase in April. New Zealand’s d [...]

Posted On : Mar, 10 2010 | Comments : 0

China's forex regulator sees pressure for yuan to rise

The comparatively high interest rate paid on yuan deposits and expectations the currency will rise are likely to attract greater inflows of investment capital, the director of the State Administration of Foreign Exchange (SAFE) said in a [...]

Posted On : Mar, 09 2010 | Comments : 0

Yen Climbs as Obama Bank Plan, China Outlook Deter Risk Dema...

The yen rallied against all of its major counterparts for a second week as President Barack Obama’s proposal to rein in banks and China’s possible increase in interest rates discouraged demand for higher-yielding assets. The [...]