Close Yes, Comfy No for Sino-U.S. Trade Ties
Globalization was a win-win for developed and developing countries for a long time. It doesn't feel that way anymore. Developed countries, after enjoying cheap goods and high incomes for years, are now suffering as jobs dry up. In their eyes, the future looks worse.
Against this backdrop, the United States is putting more pressure on China to appreciate its currency. Congress is holding hearings on China's exchange rate, and Treasury Secretary Timothy Geithner is complaining loudly, saying the yuan is moving too slowly. Even President Barack Obama recently had a few critical words about China's yuan policy.
- In Friday's Papers: Tencent Closes Dozens of WeChat Public Accounts, Six Dead in Knife Attack in Changsha Market
- Central Bank Tells Companies to Delay Issuing E-Credit Cards
- Missing MH370
- The Bible and Asia: From the Pre-Christian Era to the Postcolonial Age
- Rising Sun, Falling Shadow
- Fakes on Fire
- State Grid Invites Private Investors to Build Charging Stations for E-Cars
- It Is Time to Stand Up for the EU
- Businessman Facing Australian Insider Trading Case Seeks Asylum in HK
- In Thursday's Papers: Bitcoin Site Starts Trading another Virtual Currency, Kindergartens Accused of Giving Children Prescription Drugs
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- Eyes on the Prize
- Li Ka-shing's Remedy for 'Coddled' HK
- Jilted U.S. Investors and Debtors on the Run
- Caixin Explains: How MH370 Should Have Been Able to Send Emergency Message
- China to Grow at 7.5 Pct and Focus on Reforms, Premier Says
- Li Ka-shing: Continued Progress Depends on Embracing Technology
- Graphics: Rich Representatives
- Consumption Will Be a Main Driver of Economy, Li Says
- Five Pairs of Companies Chosen for Private Banking Program
- Caixin Explains: What Are E-Credit Cards and How Do They Work?