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China official rebuffs Geithner over yuan
bbc ^ | 9/19/10 | Staff

Posted on 09/19/2010 2:10:21 PM PDT by Nachum

An adviser to China's central bank has rebuffed criticism from the US over Beijing's exchange rate policy. In a speech in Beijing, Li Daokui said China "will not appreciate the yuan solely because of external pressure". His comments follow strong criticism in America that the yuan is significantly undervalued, damaging US exports. (Snip) China denies keeping its currency artificially cheap, and has warned against foreign pressure over what Beijing regards as an internal matter.

(Excerpt) Read more at bbc.co.uk ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: china; geithner; official; rebuffs

1 posted on 09/19/2010 2:10:22 PM PDT by Nachum
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To: Nachum

just default on tbill owned by the chinese and they’ll stop buying USD


2 posted on 09/19/2010 2:13:57 PM PDT by 4rcane
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To: Nachum

Translation: “We own you.”


3 posted on 09/19/2010 2:15:17 PM PDT by Darksheare (I shook hands with Sheryl Crow and all I got was Typhus and a single sheet of toilet paper.)
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To: Nachum

Just another form of tariff on imports into China.


4 posted on 09/19/2010 2:21:32 PM PDT by Will88
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To: Nachum

do you suppose Gaithner is playing footsie with China - just for public consumption??

I don’t trust him at all!!


5 posted on 09/19/2010 2:44:00 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: elpadre
I'm ashamed to say it, but I trust the Chinese more than Tiny Tim.
6 posted on 09/19/2010 2:51:06 PM PDT by johnandrhonda (have you hugged your banjo today?)
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To: johnandrhonda

Bump!


7 posted on 09/19/2010 4:45:11 PM PDT by upchuck (When excerpting please use the entire 300 words we are allowed. No more one or two sentence posts!)
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