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US declines to label China currency manipulator

The Obama administration has declined to label China a currency manipulator, although it says China's currency remains significantly undervalued.

 

Obama campaign attacks Romney on Chinese investments

The Obama campaign has attacked Republican Mitt Romney this week for having investments in China, saying it is inappropriate for a presidential nominee to be investing so much money there. Former Ohio governor Ted Strickland (D), a campaign co-chairman, said it “defies logic.” “It may not be illegal, it may not be unethical, but it is unseemly,” he said in an interview. “It just leaves a bad taste in your mouth.”

 

China loosens currency controls

Chinese Currency

China loosens its currency controls in a move that may spur gains in the value of the yuan. From Monday, the yuan can fluctuate up to 1% in trading against the US dollar from a fixed price set by the central bank, the People's Bank of China said.

 

Senate approves China yuan bill, House fate unclear

The Senate on Tuesday approved a bill aimed at pushing China to let its yuan currency rise in value in the hope of saving American jobs, sending it to the House of Representatives where its fate is uncertain.

 

China currency bill passes Senate procedural vote

U.S. legislation to press China to revalue its currency narrowly cleared a Senate procedural vote before a formal vote later on Thursday but it faced stronger opposition in the House of Representatives.

 

Congress taking aim at China over currency valuation

Every six months, the Treasury issues a report declaring that China’s currency is undervalued, draining dollars and jobs out of the U.S. economy. And every six months, the Treasury defers action, saying the Beijing government is not manipulating its currency. But with the prolonged slump in jobs, pressure is mounting among American politicians — as well as those in Europe, Brazil and emerging markets — to challenge China, even if that means imposing import tariffs to protect domestic industries and jobs.

 

China's Hu upbeat, resists U.S. yuan concerns

WASHINGTON (Reuters) - Chinese President Hu Jintao urged an end to a "zero sum" Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen.

 

Treasury's Geithner says China needs faster yuan rise

China's yuan currency remains "substantially undervalued" and it is in Beijing's own interest to let it appreciate more rapidly to ward off inflation risks, U.S. Treasury Secretary Timothy Geithner said on Wednesday.

 

Panel urges U.S. to label China currency manipulator

The United States should use all available tools, including labeling China a currency manipulator, to put pressure on Beijing to raise the value of its yuan, a U.S. watchdog panel said on Wednesday.

 

China Chastises Japan, US on Territory Disputes Ahead of G-20

China Chastises Japan, US on Territory Disputes Ahead of G-20

China lashed out at Japan and the US for their stance on territorial disputes in waters off its coast as Asian leaders gathered in Hanoi, hindering talks on currency and trade policies before a Group of 20 ...

 

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