Geithner: Recent China currency and trade moves ‘significant’ | CHINA US Focus

CHINA US Focus - Exclusive Analysis of the Politics, Economics, Military and Culture of China-US Relations.

FOLLOW US

Geithner: Recent China currency and trade moves ‘significant’

Howard Schneider, Washington Post
April 19, 2012
Share on FacebookFACEBOOK
Share on TwitterTWITTER
WEIBO
GOOGLE+
A series of steps by China in recent weeks is encouraging U.S. officials that Beijing is proceeding with changes to currency and other financial policies that the two countries have long disputed.
 
Chinese leaders have moved to free up trading of their currency, the renminbi, and offered high-level criticism of state-owned banks. At the same time, China has seen a sharp reduction in the surplus its runs with the rest of the world in trade and financial flows.
 
“The cumulative effect of what China has done is very significant and very promising,” Treasury Secretary Timothy F. Geithner said Wednesday in a talk at the Brookings Institution. “It signals a continued commitment by Chinese authorities to a broad change” in economic strategy.
 
Read Full Article HERE

Related Articles

U.S.-China Rivalry Simmers Underseas

08/27/2014 James T. Areddy, Wall Street Journal

Teenager Arrested in Killing of Imam in Western China

08/27/2014 Edward Wong, New York Times

China Is Awash in Grain Crops

08/27/2014 Isabella Steger, Wall Street Journal

In China, Foreign Firms’ Sweet Spot Turns Sour

08/26/2014 Andrew Browne, Wall Street Journal

News by Date

August 2014
M T W T F S S
« Jul   Sep »
 123
45678910
11121314151617
18192021222324
25262728293031

Special Coverage

Sponsored Reports

This week in China-US Focus

Sign-up for e-mail newsletters and alerts and get the news you need delivered directly to your inbox.

Real Time Web Analytics