Posted on 04/08/2014 3:19:55 AM PDT by Red in Blue PA
WASHINGTON (Reuters) - The United States warned Beijing on Monday that the recent depreciation of the Chinese currency could raise "serious concerns" if it signaled a policy shift away from allowing market-determined exchange rates.
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Washington has been pressing China for years to allow its currency to trade at stronger values. A weak yuan makes Chinese exports cheaper for U.S. consumers at the expense of U.S. producers. A weaker yuan also makes Chinese consumers less able to buy foreign goods.
(Excerpt) Read more at finance.yahoo.com ...
We sure are good at warning other countries.
Pot calling the kettle black. What a laugh.
I am sure that got their attention.
He knows how to handle complex finance related issues like this and he knows how to show respect by making a deep bow from the waist, too. They'll love that in China so Bawknee with fix it all in a snap.
It would appear the Chicaps are not doing so shabbily looking after their own interests.
Well said.
Red line after red line while the world leaders are ROTFLTAO.
Pot calling the kettle black, indeed!
Or else what?
Making stuff cheaper for U.S. citizens at the expense of the Chinese economy will help the U.S. economy.
There’s the pot calling the kettle black. What a joke!
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