Yet despite the goodwill generated by the trip, there is one sharp difference that festers between the two – and that is the value of the Yuan. Many in America feel that the Yuan is not only undervalued, but has created a huge trade deficit, setting in motion the current global financial crisis and threatening to prolong the current U.S. recession. Continue reading »
Nov 26
Opinion:Making Sense of the Dollar and Yuan
Written by: Allen | Filed under:Analysis, General, Opinion, economy | Tags:global financial crisis, global recession, obama visit, renmingbi, yuan peg
36 Comments » newest 2010-01-26 13:06:13
36 Comments » newest 2010-01-26 13:06:13
Officials from both China and the U.S. have lauded Obama’s recent trip to China as a great success. While some have criticized the trip for producing little in terms of specifics, one should not casually dismiss the achievements actually made (see U.S.-China Joint Statement). In so many ways, the relationship between U.S. and China has never been closer.
Jul 28
First U.S.-China Strategic and Economic Dialogue of the Obama Administration Underway
Written by: Allen | Filed under:General | Tags:China, global financial crisis, global warming, terrorism, u.s., U.S.-China Strategic and Economic Dialogue
19 Comments » newest 2009-08-05 16:23:43
19 Comments » newest 2009-08-05 16:23:43
Today marked the beginning of the first U.S.-China Strategic and Economic Dialogue under Obama Administration. The meetings are considered to be important even though they may not yield immediate results. Continue reading »
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