Search Results for 'China'

As China’s Currency Rises, U.S. Keeps Up Its Pressure

WASHINGTON — With little fanfare, China’s currency has appreciated significantly in the last year and a half, leading many economists to question whether the exchange rate is still the most important economic issue for the Uni [...]

Posted On : Feb, 16 2012 | Comments : 0

Asian Currencies Advance on China Plan to Help Resolve Europ...

The Philippine peso and Malaysia’s ringgit led gains in Asian currencies after China said it will help resolve Europe’s debt crisis. The country with the world’s biggest currency reserves is ready to participate in pr [...]

Posted On : Feb, 15 2012 | Comments : 0

China and Japan agree currency push

China and Japan will promote the use of their currencies for trade and investment, according to an agreement that analysts said was largely a symbolic move as it was short on details. The two Asian economies said that they wanted to reduc [...]

Posted On : Dec, 28 2011 | Comments : 0

Pakistan, China sign currency swap agreement

State Bank of Pakistan (SBP) and People’s Bank of China (PBC) signed the currency swap arrangement in Islamabad, announced the central bank. The agreement was signed by SBP Governor Yaseen Anwar and PBC Deputy Governor DU Jinfu. [...]

Posted On : Dec, 26 2011 | Comments : 0

China’s currency policy damages both countries, says Brookin...

China and the U.S. are two of the world’s most important economies and their interdependence means that unilateral policies on the complex and critical currency problem results in both sides being hurt, argues Brookings scholar Kenn [...]

Posted On : Oct, 18 2011 | Comments : 0

China Currency Message Stronger Than Chance of U.S. Sanction...

The U.S. Senate’s vote to punish China for depressing its currency to promote cheap exports is the latest legislative ritual in which the message may be as important as the proposed sanction. U.S. House Speaker John Boehner pract [...]

Posted On : Oct, 17 2011 | Comments : 0

China says US yuan vote could set off trade war

US lawmakers defied warnings from Beijing and the White House to approve the measure, which leaders of the Republican-led House of Representatives also warn could lead to a trade war between the world's two largest economies. Repub [...]

Posted On : Oct, 15 2011 | Comments : 0

Beijing tells US to stop pressuring China

China on Sunday urged Washington to stop pressuring Beijing as the US Senate prepares to vote on a controversial bill aimed at punishing the Asian nation for alleged currency manipulation. The proposal, powered by a tide of US voter anger [...]

Posted On : Oct, 10 2011 | Comments : 0

China tests US with currency move

Just as the chances have risen in the US for the passage of a bill that would penalise China for currency intervention, Beijing has put the brakes on renminbi appreciation, raising the spectre of a bitter dispute between the world’s [...]

Posted On : Oct, 06 2011 | Comments : 0

Sen. Majority Leader Reid Links Obama Jobs Package to Action...

Is this the season (or year) that the U.S. finally moves the correct levers to get China to a adopt a more reasonable currency policy? It will be, if Senate Majority Leader Harry Reid, D-Nev., gets his way. Reid has underscored that he [...]

Posted On : Sep, 29 2011 | Comments : 0

China currency vote puts pressure on White House

When Senate Majority Leader Harry Reid (D-Nev.) was asked this week when the chamber would move President Barack Obama’s much-hyped jobs bill, he punted. “We’ll get to that,” he said, but first, “I don’ [...]

Posted On : Sep, 28 2011 | Comments : 0

US Senate to move next week on China bill

The US Senate will move forward next week with a bill to punish China over its alleged currency manipulation, Democratic Majority Leader Harry Reid said, predicting the legislation will pass. "China trade is a jobs bill that's be [...]

Posted On : Sep, 27 2011 | Comments : 0

US lawmakers target China with new currency bill

US senators unveiled legislation to punish China over its alleged currency manipulation, promising angry American voters to put an end to Beijing's "economic murder" of US jobs. The measure aims to make it harder for the US [...]

Posted On : Sep, 23 2011 | Comments : 0

Currency Moves to Affect U.S. Trade More Than China’s, BIS S...

U.S. trade will be affected more than China’s by fluctuations in real exchange rates as the world’s largest economy has a higher amount of intra-industry transactions, the Bank for International Settlements said. &n [...]