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.
- Privilege Gap
- In Wednesday's Papers: Shenzhen Police Raid Offices of Video Streaming Firm, Gov'ts Made 4.2 Tln Yuan on Land Sales in 2013
- Does U.S. electric car maker Tesla Motors have a bright future in China?
- Budget Law Revision Proposes Letting Local Gov'ts Issue Bonds
- Recharging Network Is Priority over Production in China, Tesla CEO says
- Fight against Corruption Complements Reform Drive
- Detective Work by Group in 'Black Jail' Claim Leads to Trial
- In Tuesday's Papers: Central Bank Cuts Deposit Reserve Ratio for Rural Lenders, Everbright Group's Executive Becomes CIC Vice President
- Closer Look: How Chinese Consumers Helped Gold Prices to Slump
- Properly Secured
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- The Long Goodbye
- Officials in Shanxi Scramble to Sort out Steelmaker's Debt Mess
- Shiller: What We Can Learn from Past Crises
- How Telecom Graft in China Tripped Up Telstra
- Jack Ma's 6.5 Bln Yuan Bachelor Party
- Stephen Roach: China, U.S. Headed in Opposite Directions
- The Search for the Chinese Workers Who Helped Build America
- Graft Inquiry at CNPC Uncovers Shady Deal Involving Productive Oil Block
- CNPC Pushes ahead with Controversial Sichuan Refinery Project
- P2P Lenders Heading into Dangerous Waters, Critics Say