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China official rebuffs Geithner over yuan
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
posted on 09/19/2010 2:10:22 PM PDT
just default on tbill owned by the chinese and they’ll stop buying USD
posted on 09/19/2010 2:13:57 PM PDT
Translation: “We own you.”
posted on 09/19/2010 2:15:17 PM PDT
(I shook hands with Sheryl Crow and all I got was Typhus and a single sheet of toilet paper.)
Just another form of tariff on imports into China.
posted on 09/19/2010 2:21:32 PM PDT
do you suppose Gaithner is playing footsie with China - just for public consumption??
I don’t trust him at all!!
posted on 09/19/2010 2:44:00 PM PDT
(AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
I'm ashamed to say it, but I trust the Chinese more than Tiny Tim.
posted on 09/19/2010 2:51:06 PM PDT
(have you hugged your banjo today?)
posted on 09/19/2010 4:45:11 PM PDT
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