男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

  Home>News Center>China
       
 

US takes patient tack on yuan policies
By Neil King Jr (Wall Street Journal)
Updated: 2005-10-10 10:43

Despite fresh political pressure to get tough again on China, US Treasury officials say they will take a patient line on China's currency policies during talks in Beijing this week.
US takes patient tack on yuan policies
A Chinese shop assistant counts 100 Yuan bank notes at a shoes store in China's financial center Shanghai August 10, 2005. US Treasury officials say the US will take a patient line on China's policies on renminbi. [Reuters]
The Treasury Department claimed some credit for a diplomatic victory this summer, when China abandoned its currency's longtime fix to the dollar and bumped up its value. But the yuan has hardly moved in the nearly three months since then, despite China's promises to shift toward greater flexibility.

Groups like the National Association of Manufacturers are renewing their cry for a much bigger revaluation, while influential US lawmakers are threatening to return to legislation that would punish China if Beijing doesn't act. "We just can't sit by and twiddle our thumbs," said Frank Vargo, NAM's vice president for international economics. "This situation just keeps getting more serious."

US industry is hardly unanimous is calling for a higher-priced yuan. Many large US businesses -- from big retailers like Wal-Mart to US computer companies manufacturing in and exporting from China -- favor the current value of the Chinese currency, because it makes products coming to the US so much less costly.

Still, with Treasury Secretary John Snow arriving in China tomorrow (Tuesday) for his first visit in two years, the tussle over the yuan is again taking center stage. Mr. Snow is expected to address China's currency policy during meetings Saturday among the Group of 20 developing and developed countries, as well as during two days of bilateral US-China discussions starting Sunday that will include Federal Reserve Chairman Alan Greenspan and other top US officials.

Speaking Friday on CNBC, Mr. Snow said he planned to "press" the Chinese on the currency issue and to "let them know the importance of them acting soon."

The Treasury has been reluctant to resume too heavy a drumbeat over China's exchange-rate policy, which US officials and manufacturers have argued for years kept the yuan at an artificially low value, giving an edge to Chinese exporters. China's trade surplus with the US this year topped $107 billion through July, up 27% from the same span last year.

"I take them at their word that they will do what they have promised to do over time," said Timothy Adams, Treasury's undersecretary for international affairs, who will join Mr. Snow on the China trip.

   上一頁 1 2 下一頁  



Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News
 

Australia, US, Japan praise China for Asia engagement

 

   
 

Banker: China doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

China considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: China should reconsider currency plan
   
  China: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
China says market to decide yuan's value
   
Yuan to fluctuate, won't need revaluation
   
Many IMF directors want gradual yuan moves
   
China not planning more yuan revaluations
   
China widens yuan trading band
   
China pursue independent approach to currency reforms
   
Central bank considers yuan market makers
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 德昌县| 丹凤县| 宜良县| 潢川县| 昭苏县| 遂平县| 微博| 封丘县| 富民县| 县级市| 方山县| 胶南市| 积石山| 咸宁市| 永善县| 隆尧县| 鞍山市| 永修县| 儋州市| 泸定县| 福泉市| 稻城县| 布拖县| 海阳市| 雷山县| 新丰县| 潜江市| 浮山县| 龙胜| 阿图什市| 建瓯市| 商都县| 且末县| 洛南县| 饶平县| 诏安县| 柳河县| 吴川市| 伊吾县| 湛江市| 佛坪县|