American Treasury has Postponed its Currency Report on its Trade Partner
@Godlovesweiqi (108)
China
April 5, 2010 4:07am CST
The theme catched the world's eyes that whether the American will cite China as a manipulator of its currency rate is not coming to an end.Since the US-China relationship is already strained over several other issues such as Taiwan arm sales,measures should be taken to conciliate the largest trade partner of US.
Above all,it is still going to be a large issue between the two fastest growing nation about their external imbalance on their CA(current account).Simply by forcing another soverign nation to change their currency policy is not fair.There should be another way to compensate a declining industry and shrinking export.
1 response
@valentinesdiner (1214)
• United States
6 Apr 10
Excellent points on a matter taht will just keep getting bigger.
I am hoping that the delay is just to give our diplomats time to break the news to the Chinese gov't as they prepare for the outrage ("we're shocked, shocked I tell you") by the usual suspects in the US Senate and House.
It is slowly dawning on folks that our hopes for recovery rest partly on the good will of the Chinese and on their currency policies. Sad, eh?
