Debating China's currency and beyond

16:45, April 16, 2010      

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Los Angeles Times: China -- it's money

Los Angeles Times said in its report on April 15:

... Regardless of its currency regime, China has been the hottest major export market for U.S. companies in the last decade.

Since China began to gradually appreciate its currency in 2005, U.S. exports to the Asian giant have shot up by 69%, according to the U.S. Commerce Department....

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New York Times: Mr. Obama and Mr. Hu

The New York Times said in its report on April 13:

We think President Obama made the right decision — for now — not to pick too public of a fight with China over its currency manipulation. ...

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Wall Street Journal: China Adjusts Policy but Avoids Rate Increase to Cool Prices

The Wall Street Journal said in its report on April 15:

... In any other major economy where growth had accelerated as quickly as China's, higher interest rates would seem inevitable. But in China, authorities have been reluctant to raise rates, which economists worry is putting them behind the curve in tackling risks of inflation and possible asset bubbles....

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People's Daily Online:Bitter spat on currency rate harmful for US, China

People's Daily Online said in its report on April 6:

Some say that it is around the dollar-RMB exchange rate that the economic might of the United States and China converge, and at times, collide. The extent the hassle is waging on between the two and engaging more cream intellectuals and officials speaks it. ...

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