Tag Archives: Chinese currency

So It Begins….

By Andrew Busch | Published: March 17, 2010

According to Reuters, U.S. Senator Charles Schumer said on Friday he plans to move forward soon on legislation aimed at stopping China from “manipulating” its currency. “Now more than ever, there is a consensus to finally confront China’s currency manipulation,” the New York Democrat said in a statement. “It is the single biggest step we can take to promote U.S. job creation, particularly in the manufacturing sector. We plan to move forward with revamped legislation on this issue in the coming days,” he said.

Yesterday on Fox News, U.S. Senator Charles Grassley said that the United States should label China … …READ MORE

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Wen Answers The Call

By Andrew Busch | Published: March 15, 2010

By now, most of you have read the comments by Chinese Premier Wen Jiabao at his annual press conference. However, there are some aspects worth expanding on for their importance. With arm sales to Taiwan, Dalai Lama meeting, and the Copenhagen climate talks all important areas for questions, the very first question he was asked and addressed dealt with the currency. This doesn’t happen randomly. Clearly, this issue is of critical importance to the Chinese. “First of all, I do not think the renminbi is undervalued…We are opposed to countries pointing fingers at each other or taking strong measures to … …READ MORE

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