U.S. Delays Report on Chinese Yuan

The U.S. Treasury will postpone a ruling on whether China manipulates its currency.

China: No Currency Manipulation Chinese Foreign Ministry hits back

April 06, 2010 — Chinese Foreign Ministry hits back against allegations that China manipulates the value of the Yuan. The U.S. has delayed its awaited report that might label China as a currency manipulator. Some U.S. government officials are calling on economic retaliation.

Is China Politburo spoiling for a showdown with America?

Is China’s Politburo spoiling for a showdown with America?

Ambrose Evans-Pritchard
The Daily Telegraph
March 15, 2010
China has succumbed to hubris. It has mistaken the soft diplomacy of Barack Obama for weakness, mistaken the US credit crisis for decline, and mistaken its own mercantilist bubble for ascendancy. There are echoes of Anglo-German spats before the First World War, when Wilhelmine Berlin so badly misjudged the strategic balance of power and over-played its hand.

Within a month the US Treasury must rule whether China is a “currency manipulator”, triggering sanctions under US law. This has been finessed before, but we are in a new world now with America’s U6 unemployment at 16.8pc.

“It’s going to be really hard for them yet again to fudge on the obvious fact that China is manipulating. Without a credible threat, we’re not going to get anywhere,” said Paul Krugman, this year’s Nobel economist.

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