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Chinese Premier Wen Jiabao has rejected international calls for the Chinese currency to appreciate. Many American economists and members of Congress complain that an undervalued currency gives Chinese exports an unfair advantage and makes other...
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The coal-mine millionaire from the inland province of Shaanxi was the type of customer who was buying in 2009, Zhuo says. Even Chinese Premier Wen Jiabao acknowledges that property prices have risen too quickly. The government is trying to stop...
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It has become a key global player without either the wealth or military muscle of a superpower. Beijing's response to foreign concerns has been to emphasize that it is still a developing country with limited means. In a recent interview with state...
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Yet today, we were treated to the spectacle of President Barack Obama flying in to Copenhagen to play Deus ex Machina and holding last-minute meetings with Wen Jiabao. The conference was leaking like a sieve from the start, with new draft agreements...
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A senior Obama administration official says the U.S. , China, India and South Africa have reached a "meaningful agreement" on climate change. The official characterized the deal as a first step, but said it was not enough to combat the threat of a warming
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Was it a snub? Was it a gambit to move the talks along? Later in the evening, there was a meeting around 7:00 Denmark time with some of the big emitters, some of the big industrial economies, Brazil's Lula, Manmohan Singh of India, along with Wen...
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President Obama's remarks were delivered more than two hours later than planned, following an early-morning, emergency meeting with 19 nations, including India, Brazil and European leaders. China's Premiere Wen Jiabao skipped the high-level meeting,...
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"Clearly a faction within the Communist leadership believes... it's time for Beijing to impose its own views on the international community," said Valerie Niquet, a researcher at the French Institute for International Relations. Chinese Premier Wen... Full Article at France 24
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The calls for action against China's currency peg have not gone unnoticed by Beijing but the increasing urgency and volume of the demands from Washington appear to be prompting equally belligerent responses from Beijing. Chinese Premier Wen Jiabao had... Full Article at Inter Press Service
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March 18 (Bloomberg) -- General Electric Co. Chief Executive Jeffrey Immelt wants Barack Obama to “sell hard” in Indonesia as he extols U.S. expertise in industries such as clean energy. He’ll have to work fast -- Premier Wen Jiabao will make China’s... Full Article at Business Week
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Given Mr. Wen's position at the helm of the world's fastest-growing economy, his concerns about the course of the recovery warrant serious attention. In his once-yearly press conference-which follows the adjournment of the National People's... Full Article at New York Observer
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March 17, 2010 Some still argue that we must reason gently with China, not confront it. But we’ve been reasoning with China for years, as its surplus ballooned, and gotten nowhere: on Sunday Wen Jiabao, the Chinese prime minister, declared — absurdly —... Full Article at Real Clear World
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First of all, I do not think the renminbi is undervalued
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I think that when we look at what Wen Jiabao said at press conference, and read between the lines, then nothing is ruled out but at the same time the heightened rhetoric here and the letter from congress makes it exceedingly difficult for the Chinese to say, okay in the face of pressure from the U.S. we...
SOURCE: Inter Press Service -
I understand that some countries want to increase their exports, but I don't understand the practice of depreciating their currency and forcing others to appreciate theirs in order to accomplish this ... I think this is a type of trade protectionism.
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Premier Wen Jiabao brushed aside external calls for the yuan's appreciation on Sunday, saying they are 'unhelpful' and stressed that the Chinese currency is not undervalued.
SOURCE: Dallas Blog -
We will maintain the continuity and stability of our policies
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