International News
See other International News Articles
Title: China Threatens Trade War Over U.S. Law On Currency Manipulation
Source:
RIA Novosti
URL Source: http://en.rian.ru/business/20111004/167370613.html
Published: Oct 4, 2011
Author: RIA Novosti
Post Date: 2011-10-04 19:56:52 by Brian S
Keywords: None
Views: 3853
Comments: 9
A bill on the reform of the exchange rates monitoring system approved on Monday by the U.S. Senate will complicate the resolution of economic problems between China and the United States and could spark a trade war, the People's Bank of China said in a statement. "The yuan bill passed by the U.S. senate will not solve its problems, such as insufficient savings, a high trade deficit and high unemployment rate, but it may seriously affect the whole progress of China's reform of its yuan exchange rate regime and may also lead to a trade war which we would not like to see," China's central bank said. The U.S. Senate voted on Monday to open a week of debate on the Currency Exchange Rate Oversight Reform Act of 2011, which would allow the U.S. government to impose duties on Chinese goods imported to the US, to punish Beijing for allegedly undervaluing its currency.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Brian S (#0)
Owe-bama apologizes for the Senate calling China on its currency policy thats fucking us all in 3....2....1
Proxy IP's are amusing.....lmao
1-2-3-4 I want a trade war!
Obama has stood toe to toe against China and its currency policies. As a result, the Yuan has been the most stable that it's been in years. /twit
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
china does not threaten. IT remembers and acts at the time most beneficial to it's interests. And when China does act, you'd better be selling your WalMart stock...;}
When all is said and done, China doesn't want dozens of container ships filled with tupperware and knock off Levis sitting in Hong King harbor...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
But it's too late and those Chinese Xmas boats will not be arriving this year. This is the Shanghai Exchange. Along with Hong Kong, the only ones acting halfway rationally now:
The Christmas boats are already here. You mean Spring fashion...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Not All. The sign is when the BDI rolls over. Which it is now doing. And China's best has already been re routed away from the US to 'other' destinations. As Brazil has raised it's tariffs v China by 30%. Those Letters of Credit are getting harder to come by.
Living in the land of Boeing and Microsoft (two of America's largest exporters), I can say for certain that the LAST thing in the world we need is a trade war.
#2. To: Brian S (#0)
#3. To: Badeye (#1)
(Edited)
Owe-bama apologizes for the Senate calling China on its currency policy thats fucking us all in 3....2....1
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#4. To: war (#3)
#5. To: mcgowanjm (#4)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#6. To: war (#5)
When all is said and done, China doesn't want dozens of container ships filled with tupperware and knock off Levis sitting in Hong King harbor...
#7. To: mcgowanjm (#6)
But it's too late and those Chinese Xmas boats will not be arriving this year.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#8. To: war (#7)
The Christmas boats are already here. You mean Spring fashion...
#9. To: A K A Stone (#2)
1-2-3-4 I want a trade war!
Anarchists are simply unterrified Jeffersonian Democrats -- Benjamin Tucker 
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]