Home>News Center>China
       
 

US takes patient tack on yuan policies
By Neil King Jr (Wall Street Journal)
Updated: 2005-10-10 10:43

Despite fresh political pressure to get tough again on China, US Treasury officials say they will take a patient line on China's currency policies during talks in Beijing this week.
US takes patient tack on yuan policies
A Chinese shop assistant counts 100 Yuan bank notes at a shoes store in China's financial center Shanghai August 10, 2005. US Treasury officials say the US will take a patient line on China's policies on renminbi. [Reuters]
The Treasury Department claimed some credit for a diplomatic victory this summer, when China abandoned its currency's longtime fix to the dollar and bumped up its value. But the yuan has hardly moved in the nearly three months since then, despite China's promises to shift toward greater flexibility.

Groups like the National Association of Manufacturers are renewing their cry for a much bigger revaluation, while influential US lawmakers are threatening to return to legislation that would punish China if Beijing doesn't act. "We just can't sit by and twiddle our thumbs," said Frank Vargo, NAM's vice president for international economics. "This situation just keeps getting more serious."

US industry is hardly unanimous is calling for a higher-priced yuan. Many large US businesses -- from big retailers like Wal-Mart to US computer companies manufacturing in and exporting from China -- favor the current value of the Chinese currency, because it makes products coming to the US so much less costly.

Still, with Treasury Secretary John Snow arriving in China tomorrow (Tuesday) for his first visit in two years, the tussle over the yuan is again taking center stage. Mr. Snow is expected to address China's currency policy during meetings Saturday among the Group of 20 developing and developed countries, as well as during two days of bilateral US-China discussions starting Sunday that will include Federal Reserve Chairman Alan Greenspan and other top US officials.

Speaking Friday on CNBC, Mr. Snow said he planned to "press" the Chinese on the currency issue and to "let them know the importance of them acting soon."

The Treasury has been reluctant to resume too heavy a drumbeat over China's exchange-rate policy, which US officials and manufacturers have argued for years kept the yuan at an artificially low value, giving an edge to Chinese exporters. China's trade surplus with the US this year topped $107 billion through July, up 27% from the same span last year.

"I take them at their word that they will do what they have promised to do over time," said Timothy Adams, Treasury's undersecretary for international affairs, who will join Mr. Snow on the China trip.

   上一頁 1 2 下一頁  



Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News
 

Australia, US, Japan praise China for Asia engagement

 

   
 

Banker: China doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

China considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: China should reconsider currency plan
   
  China: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
China says market to decide yuan's value
   
Yuan to fluctuate, won't need revaluation
   
Many IMF directors want gradual yuan moves
   
China not planning more yuan revaluations
   
China widens yuan trading band
   
China pursue independent approach to currency reforms
   
Central bank considers yuan market makers
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 色偷偷888欧美精品久久久| a级成人高清毛片| 欧美18videos极品massage| 亚洲色欲色欲综合网站| 美国十次啦大导航| 国产免费内射又粗又爽密桃视频| 1204国产成人精品视频| 大桥未久aⅴ一区二区| 三极片在线观看 | 最新国产精品亚洲| 亚洲理论电影在线观看| 男人天堂2023| 再深点灬舒服灬太大了网站| 色天使亚洲综合一区二区| 国产妇乱子伦视频免费| 日本wwwxxxxx| 国产精品成人一区二区三区| av72发布页| 女人18片毛片60分钟| 一级黄色香蕉视频| 成年女性特黄午夜视频免费看| 久久国产精品99久久小说| 日韩精品无码中文字幕一区二区 | mm131美女爽爽爽作爱视频| 成人免费在线视频网站| 中文版邻居的夫妇交换电影| 日本护士xxx| 久久精品中文字幕大胸| 日韩精品无码一区二区三区AV| 亚洲区精选网址| 欧美性活一级视频| 亚洲成人免费电影| 欧美日韩视频在线观看高清免费网站| 亚洲色大成网站www永久| 男男gay做爽爽的视频免费| 免费看片免费播放| 精品久久久无码人妻中文字幕| 欧美日韩国产综合视频在线看| 免费成人在线电影| 白洁和邻居几个老头| 免费看欧美一级特黄a大片|