US Government continues to press China to raise immediately the yuan rate against US Dollar deal for the response the market. The trade balance deficit for the two countries remained balanced
Treasury Secretary Timothy Geithner and Chinese Vice Premier Wang had meting in China, last October, to discuss the economic relations among US - China, that increasingly strained due to yuan exchange rate
At that meeting Geithner and Wang discussed the issue of U.S. Economy - China and the preparation of the G20 summit in Seoul, November
According to Geithner, the G20 finance ministers meeting in Gyeongju, South Korea, he believes China continues to move, based on the market exchange rate and based on economic fundamentals
Geithner said, if this is allowed to continue, distinguished yuan currency undervalued, to the detriment of US. And gives an unfair advantage in trade with China
We have had many large telecommunications companies that shift the dominance of China's major telecom companies of U.S., such as Huawei, ZTE eg
There are two different opinions about this subject, partly analyst to assess accidentally, China pressing for the yuan exchange rate to be continued to dominate trade with the US and get a cheap price
Other analysts believe, the level of the low US. Savings rate is the cause of U.S. trade deficit - China
The meanwhile chief IMF, Dominique Strauss-Kahn said some days ago in a news conference emphasized, China, India, Russia, Italy and Brazil have now become a "major player"
He asked the five countries bear the greater responsibility for guiding the global economy.
Revive global growth after US. Financial markets collapse, followed by global markets.
In IMF, currently there are five countries in 24 members executive council, which represented to U.S., Japan, Britain, France and Germany and will be expanded into 10 countries with the addition of China, India, Brazil, Italy and Russia
This decision to accommodate the desire of China, which continues to oppose U.S. domination - Europe in IMF. Reform of the IMF is basically to solve every problem with the "democracy deficit."
President Obama next week's scheduled visit to Asia, Indonesia, India, Korea and Japan for 10 days.
According to Obama said, US. Financial recovery largely depends on strengthening trade and U.S. Productivity to cope with trade pressure from China and other developing countries the power
And US prosperity is on the open market of goods produced and performed by American workers, not just consume, but should be making any things
Treasury Secretary Timothy Geithner and Chinese Vice Premier Wang had meting in China, last October, to discuss the economic relations among US - China, that increasingly strained due to yuan exchange rate
At that meeting Geithner and Wang discussed the issue of U.S. Economy - China and the preparation of the G20 summit in Seoul, November
According to Geithner, the G20 finance ministers meeting in Gyeongju, South Korea, he believes China continues to move, based on the market exchange rate and based on economic fundamentals
Geithner said, if this is allowed to continue, distinguished yuan currency undervalued, to the detriment of US. And gives an unfair advantage in trade with China
We have had many large telecommunications companies that shift the dominance of China's major telecom companies of U.S., such as Huawei, ZTE eg
There are two different opinions about this subject, partly analyst to assess accidentally, China pressing for the yuan exchange rate to be continued to dominate trade with the US and get a cheap price
Other analysts believe, the level of the low US. Savings rate is the cause of U.S. trade deficit - China
The meanwhile chief IMF, Dominique Strauss-Kahn said some days ago in a news conference emphasized, China, India, Russia, Italy and Brazil have now become a "major player"
He asked the five countries bear the greater responsibility for guiding the global economy.
Revive global growth after US. Financial markets collapse, followed by global markets.
In IMF, currently there are five countries in 24 members executive council, which represented to U.S., Japan, Britain, France and Germany and will be expanded into 10 countries with the addition of China, India, Brazil, Italy and Russia
This decision to accommodate the desire of China, which continues to oppose U.S. domination - Europe in IMF. Reform of the IMF is basically to solve every problem with the "democracy deficit."
President Obama next week's scheduled visit to Asia, Indonesia, India, Korea and Japan for 10 days.
According to Obama said, US. Financial recovery largely depends on strengthening trade and U.S. Productivity to cope with trade pressure from China and other developing countries the power
And US prosperity is on the open market of goods produced and performed by American workers, not just consume, but should be making any things
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