by | Oct 13, 2010 | Towing
Treasury Secretary Timothy Geithner said the U.S. favors a “gradual, but still significant” appreciation of the yuan.
Geithner said the U.S. would prefer China let market forces drive up the value of the currency, The Wall Street Journal said. Geithner noted that the yuan had strengthened by about 2.5% in six weeks.
Sponsored Links
“What we want to do is to maximize the incentives they have to let…
Continue reading Geithner Says U.S. Favors Significant Yuan Appreciation
Geithner Says U.S. Favors Significant Yuan Appreciation originally appeared on DailyFinance on Wed, 13 Oct 2010 09:03:00.
Filed Under: Economy, People, Currency
by | Sep 30, 2010 | Towing
A bill, passed by the U.S. House of Representatives Wednesday, would let U.S. companies petition for duties on Chinese imports — a move that would hurt the global economy if it became law, the Chinese government said.
…
by | Sep 9, 2010 | Towing
Treasury Secretary Timothy Geithner said that China should let its yuan currency appreciate faster to demonstrate that the country is willing to follow through on promises.
“Frankly they haven’t let the currency move very much so far,” Geithner told Bloomberg News. “They know they’re just at the beginning of that process and I think we’d like to see them move more quickly.”
Sponsored Links
The yuan…
Continue reading Geithner: China Should Let Yuan Appreciate Faster
Geithner: China Should Let Yuan Appreciate Faster originally appeared on DailyFinance on Thu, 09 Sep 2010 06:51:00.
Filed Under: Economy, Currency
