US gives China pass on currency, Congress unhappy
A key senator pledges to press ahead with a bill threatening China with tariffs on some of its products unless there is significant movement upward in the yuan
A key senator pledges to press ahead with a bill threatening China with tariffs on some of its products unless there is significant movement upward in the yuan
Two indexes based on polls of purchasing executives fell, but showed an expected moderation in China’s economy and not the precipitous drop that some investors feared
Rival U.S. business groups clash on whether the U.S. Senate should press ahead with a bill that would allow the United States to impose import duties on China in a bid to force a stronger yuan.
U.S. President Barack Obama keeps up pressure on China to ensure its currency policy does not give it an unfair export advantage in a speech in a middle-American town hard hit by the loss of jobs overseas.
In 2009, China held nearly a third more foreign reserves than the G8 combined.
Current account balances of the world’s 20 biggest economies, with China having the most surplus and the United States the largest deficit.
Protectionist trade measures implemented since end-2008.
GDP of the 20 largest economies, with the European Union atop and China leading the Asian pack.
Gradual appreciation remains the most likely scenario, and possibly two-way volatility within limits.
Concerns that China may buy fewer U.S. Treasuries as it lets its currency rise
PBOC sets higher mid-point in goodwill gesture; China seen having plans to allow yuan to rise over time
The median forecast of 33 economists by Reuters shows the yuan will end 2010 at 6.67 per dollar
No surprise U.S. doesn’t label China a currency manipulator: Reuters Asia Correspondent Paul Eckert.
Morgan Stanley’s Roach worries between now and U.S. mid-term polls there will be bite to the yuan bark.
China risks stoking a new trade spat with the U.S., a scenario which would pressure risk currencies.
Reform due to economy’s internal dynamics as opposed to any outside pressure:China G20 delegate.
The basis for steady but slow yuan appreciation vs the dollar is not as strong as 5 years ago
Weak euro, stronger yuan to hurt Asian players, help European solar firms regain market share.
Chinese diversify property buys with Hong Kong, Singapore, London topping shopping list.
Accounting translation of renminbi to U.S./Canadian dollars to help.
The threat of action by the US Congress may see the yuan appreciate more than the market expects
Move will probably aid a slow-moving but profound transformation in China’s economy.
Other factors, including labour costs, are probably doing more to increase the cost of Chinese exports
Analysts react to China’s move to gradually make the yuan’s exchange rate more flexible.
Defining quotes over yuan reform, which has pitted China against the rest of the world
Chinese policymakers display divisions over the yuan
This Reuters picture slideshow focuses on the workers behind the Chinese manufacturing miracle
A younger generation, more aware of their rights and opportunities, is transforming the world’s workshop.
Is latte at Starbucks in China overpriced or is the yuan, unexpectedly overvalued?
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