Reportedly, an internal EU analysis has led European officials to weigh steps over Chinese vendors Huawei and ZTE. An unmanaged friction has the potential to escalate into trade friction between the EU and China.
While avoiding the label of “currency manipulator,” China’s currency, the renminbi, continues to face criticism by the US Treasury Department for being “significantly undervalued.” Now, an analysis of global trade data seeks to end the correlation between trade surplus and currency exchange rates.
Former Secretary of the US Treasury Department, Henry M. Paulson Jr., examines how better urban policies can assist China’s ailing economy, even as investment and exports continue to decline.
Nearly five years after the outbreak of the international financial crisis marked a radical turn for the global economy, soaring from boom to recession and depression, the world continues on its course of weak recovery and tepid growth. Given this challenging economic environment, China’s continued growth will only come through increased competition in the international community.
In Washington, Obama’s second term begins with great uncertainty. In Beijing, it starts with some relief. With U.S.-Chinese relations, it translates to a shift.
With Obama’s victory in re-election, his vehement campaign is over. However, his harsh bashing of China during his campaign will remain in the hearts of the Chinese people, leading to concerns about the future of China-US trade relations during his second term.
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