Skip to comments.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 ...
just default on tbill owned by the chinese and they’ll stop buying USD
Translation: “We own you.”
Just another form of tariff on imports into China.
do you suppose Gaithner is playing footsie with China - just for public consumption??
I don’t trust him at all!!
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