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U.S. warns China over currency depreciation
Yahoo Finance ^

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 ...


TOPICS: News/Current Events
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A warning from the country running its printing presses 24/7. What a joke.
1 posted on 04/08/2014 3:19:55 AM PDT by Red in Blue PA
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To: Red in Blue PA

We sure are good at warning other countries.


2 posted on 04/08/2014 3:22:35 AM PDT by ilovesarah2012
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To: Red in Blue PA; Las Vegas Dave; Pontiac; traditional1; Whenifhow

Pot calling the kettle black. What a laugh.


3 posted on 04/08/2014 4:37:00 AM PDT by North Coast Conservative (God created man, Sam Colt made them equal)
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To: Red in Blue PA

I am sure that got their attention.


4 posted on 04/08/2014 5:01:35 AM PDT by mfish13 (Elections have Consequences.)
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To: Red in Blue PA
Make now retired financial wizard Bawknee Fwank a special envoy to China for Currency Issues.

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.

5 posted on 04/08/2014 5:03:07 AM PDT by Rashputin (Jesus Christ doesn't evacuate His troops, He leads them to victory.)
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To: Red in Blue PA

It would appear the Chicaps are not doing so shabbily looking after their own interests.


6 posted on 04/08/2014 5:06:07 AM PDT by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: Red in Blue PA

Well said.


7 posted on 04/08/2014 5:11:00 AM PDT by SoFloFreeper
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To: ilovesarah2012

Red line after red line while the world leaders are ROTFLTAO.


8 posted on 04/08/2014 6:10:18 AM PDT by chiefqc
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To: North Coast Conservative

Pot calling the kettle black, indeed!


9 posted on 04/08/2014 6:33:15 AM PDT by Las Vegas Dave (The democRATic party preys on the ignorant..!)
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To: Red in Blue PA

Or else what?


10 posted on 04/08/2014 6:35:13 AM PDT by dfwgator
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To: Red in Blue PA

Making stuff cheaper for U.S. citizens at the expense of the Chinese economy will help the U.S. economy.


11 posted on 04/08/2014 6:43:59 AM PDT by SeaHawkFan
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To: Red in Blue PA
I first thought that the Treasury was giving China a heads-up that we were about to run our money presses at ludicrous speeds and thus devalue the dollar. Instead it looks like we're warning China not to do the same.
12 posted on 04/08/2014 6:54:04 AM PDT by KarlInOhio (Republican amnesty supporters don't care whether their own homes are called mansions or haciendas.)
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To: Red in Blue PA

There’s the pot calling the kettle black. What a joke!


13 posted on 04/08/2014 6:59:49 AM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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