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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: yuan

yuan stories: 19 news summaries
analysis

 Obama's China Visit 
 Achieves Little 

In fact, it just illustrates the 'yawning' economic differences

Nov 17, 09 4:48 PM CST
(Newser) - President Obama and Chinese leader Hu Jintao paid lip service today to the idea of stronger US-China relations, but Obama's visit has done nothing but highlight the "yawning differences" between the two nations on economic issues, writes Dexter Roberts. "Lofty statements of common interests aside, the all-important Sino-US... More »

MORE ABOUT:
China • US-China trade deficit • trade deficit • yuan • Hu Jintao • President Obama

 World Scrambles to Boost Buck 

Weak dollar doesn't help anyone—except the US

Nov 13, 09 3:43 AM CST
(Newser) - Central banks around the world are stepping up measures to keep the American dollar strong and their own currencies weak. The dollar 's drop to near 15-month lows this week sparked fears that exports will become uncompetitive, threatening their fragile economic recoveries. Pacific Rim countries are especially concerned that China—... More »

MORE ABOUT:
currency • yuan • US dollar • US exports • weak dollar

ANALYSIS

Count the US Dollar Down, But Not Out

Fears of a looming currency crash are overblown

Oct 23, 09 4:25 PM CDT
(Newser) - With the US economy in a prolonged slump and the Fed likely to keep interest rates low for the foreseeable future, many worry that a dollar crash will be the next shoe to drop. Currency pessimists can point to a 6-month decline in the dollar; this week the currency hit... More »

MORE ABOUT:
globalization • currency exchange • yuan • Lehman Brothers • euro • US dollar • weak dollar • financial crisis

PAUL KRUGMAN

 China Must Be
Confronted on Currency

Shackling the yuan to the dollar threatens world economy

Oct 23, 09 5:00 AM CDT
(Newser) - China has been allowed to get away with its outrageous currency policy for far too long and it's time the world did something about it, writes Paul Krugman. The nation has been keeping its currency effectively pegged to the dollar, and this policy will result in even greater trade imbalances... More »

MORE ABOUT:
currency • yuan • Chinese economy • US dollar • US currency

(Newser) - China is speeding up efforts to encourage the use of its currency in international trading, with analysts predicting that the Chinese renminbi will become one of the three top currencies by 2012, reports the Times of London. In recent months Beijing has inked currency-swap deals with central banks from Korea... More »

MORE ABOUT:
China • currency • yuan • Chinese economy • US dollar • foreign currency • renminbi

 Chinese Influence 
 Grows in Latin America 

Deal by deal, Sino-South American relationships erode U.S. clout

Apr 16, 09 9:58 AM CDT
(Newser) - Stepping into a gap created by the 1-2 punch of Bush administration neglect and worldwide recession, China is pumping billions of dollars into Latin America, helping to shore up slowing economies while the US plays catch-up in the region, the New York Times reports. "This is how the balance... More »

MORE ABOUT:
China • Bush administration • international trade • Latin America • Brazil • Beijing • Argentina • yuan • Ecuador • Inter-American Development Bank

OPINION

China's Trouble: Lots of Dollars, Little Sense

Krugman: Beijing knows it's in trouble, remains tied to old ills

Apr 3, 09 12:39 PM CDT
(Newser) - China’s recent call for an alternative to the dollar as a reserve currency underlines how much trouble the country is in after years of stockpiling greenbacks, Paul Krugman writes in the New York Times. The Chinese, long unwilling to let the yuan float freely on foreign exchanges, are signaling... More »

MORE ABOUT:
China • trade surplus • yuan • US dollar • Treasury bills • Chinese exports

French PM Lobbies US on Weak Economy

In Washington, Fillon seeks alliance to spur Chinese revaluing

May 2, 08 8:07 AM CDT
(Newser) - While Nicolas Sarkozy struggles with the sputtering French economy at home, his prime minister has traveled to Washington to spur international action. François Fillon will meet with Ben Bernanke and Hank Paulson today, where he is expected to press the US on the subprime crisis, the weak dollar, and... More »

MORE ABOUT:
Nicolas Sarkozy • France • yuan • Francois Fillon • weak dollar

 Skyrocketing Yuan 
 Hits Benchmark  

Chinese currency's strengthening against the dollar could boost US inflation

Apr 10, 08 2:34 PM CDT
(Newser) - For the first time since China unpegged its currency from America’s in 2005, a dollar bought less than 7 yuan at closing today in Beijing, the New York Times reports. Western countries protested for years the yuan was undervalued; its meteoric rise means Chinese goods are getting more expensive... More »

MORE ABOUT:
Henry Paulson • yuan • global economy • Chinese economy • US dollar • weak dollar • US imports

Dollar Hit
as Emerging Economies
Fight Inflation

$108 oil pushes
gas prices higher

Mar 11, 08 7:32 AM CDT
(Newser) - A weak US dollar continued to fuel surging commodity prices today, keeping oil near $108 a barrel and moving a gallon of gas to $3.225, with analysts predicting near $4 prices by spring, the Wall Street Journal reports. Stress on the greenback is coming from not only major but... More »

MORE ABOUT:
oil • yuan • euro • gas prices • US dollar • commodities • dong

Dollar Slides to Record Low;
Oil Tops $102

Investors bet on Fed rate cut, driving  euro up against US currency

Feb 27, 08 6:27 AM CST
(Newser) - The dollar declined against most major currencies and fell to its lowest level ever against the euro today as markets anticipated another rate cut from the Fed when it meets March 18, increasing the value of assets outside the US, Bloomberg reports. The dollar’s erosion pushed commodity prices up,... More »

MORE ABOUT:
Ben Bernanke • oil • Taiwan • South Africa • New Zealand • yuan • euro • yen • oil price • US dollar • Fed funds rate • rand • Australian dollar

Yuan-Dollar Battle Continues

Despite currency's growth, US criticism of Beijing endures

Dec 31, 07 9:50 AM CST
(Newser) - Despite the yuan's continued appreciation against the dollar this year, at nearly 7%—double its growth in 2006—critics say the currency needs to adjust even higher to balance China's trade surplus, reports the Wall Street Journal. In the US, China’s economic strength has become a standard concern... More »

MORE ABOUT:
China • exports • yuan • US dollar

China Looks
to Buy American

Seeks investments to adjust yuan growth;
US official set for talks

Dec 10, 07 7:27 PM CST
(Newser) - China, increasingly being called upon to more rapidly adjust the growth of the yuan against the dollar, is looking to expand its investment in US assets as a way to funnel its powerhouse currency out of the country, Bloomberg reports today. Treasury Secretary Henry Paulson visits Beijing Wednesday for a... More »

MORE ABOUT:
China • inflation • Henry Paulson • Beijing • currency exchange • trade surplus • yuan • credit crisis • US dollar • US exports

China Threatens to Crash Dollar

Aug 8, 07 5:04 AM CDT
(Newser) - The Chinese government is threatening to crash the American dollar by liquidating its $1.33 trillion in foreign reserves if the US dares impose trade sanctions to force a revaluation of yuan, reports the Telegraph. Two Communist Party officials have given interviews in recent days with stern warnings directed at... More »

MORE ABOUT:
China • Senate • economics • United States • trade • Communist Party • Capitol Hill • yuan • US economy • Chinese economy • US • revaluation • tariffs • nuclear option • US dollar

China's Surplus Soars to $26.9B

Weak yuan is driving China's economy to a record expansion; trade surplus nearly doubled

Jul 10, 07 2:59 PM CDT
(Newser) - China's trade surplus surged to a record $26.9B in June, an 87% increase since last year. Economists attribute the trade gap to China's significantly—as much as 40%—underpriced currency, the yuan, reports Bloomberg. Half of China's surplus is with the US, which recently began preparing legislation to sanction... More »

MORE ABOUT:
China • US-China trade deficit • United States • world economy • imports • trade • exports • China food exports • consumer goods • trade surplus • yuan • US economy

Paulson Resists Labeling China
a 'Manipulator'

Congress stews as Beijing keeps yuan weak vs. dollar

Jun 13, 07 7:23 AM CDT
(Newser) - Treasury Secretary Henry Paulson has denied congressional requests for a formal accusation of currency manipulation against China, the Wall Street Journal reports. China's tight restrictions have kept the yuan artificially low against the dollar for decades, but recent record highs, combined with signs that Beijing may plan to let up... More »

MORE ABOUT:
China • inflation • currency • Henry Paulson • currency exchange • money • yuan • manipulation

Bush Cozies Up to China

Patient president avoids hot-button policy issues, treads lightly on trade deficit

May 25, 07 5:38 AM CDT
(Newser) - President Bush struck a conciliatory tone in yesterday's congress with Chinese Vice Premier Wu Yi, despite thickening indignation over Chinese policies. The Journal reports that the White House meeting tiptoed around China's tolerance of copyright piracy, the export of tainted food products, and Beijing's increasingly worrisome nuclear program. More »

MORE ABOUT:
China • food contamination • Wu Yi • piracy • copyright • nuclear program • trade deficit • yuan

China Deals
on Finance,
Skips Currency

US-China talks bring good news for securities firms, but no yuan reform

May 23, 07 4:59 PM CDT
(Newser) - Talks between American and Chinese economic officials thudded to a close today, offering mild changes to the financial sector in lieu of major currency reform. The deal hammered out by Treasury Secretary Hank Paulson and China's vice-premier Wu Yi promise foreign financial companies more access to Chinese markets and allows... More »

MORE ABOUT:
China • currency • Henry Paulson • Wu Yi • finance • reform • stock • yuan • US economy

China Loosens Up on Yuan

Currency move may be concession to US—or attempt to pop a stock market bubble

May 18, 07 10:40 AM CDT
(Newser) - Just days before a meeting with US Treasury Secretary Henry Paulson, China is taking baby steps toward letting its currency trade more freely. The government also raised interest rates and the reserve on bank loans today, signaling concern over the country's red-hot economy. China's trade surplus—which some American politicos... More »

MORE ABOUT:
China • currency • Henry Paulson • money • trade • bank • yuan • US economy

19 Stories


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