Advertisements
//
you're reading...
China Daily Mail


China Daily Mail

China‘s yuan is at an equilibrium against the dollar and even high in some respects, the country’s main official newspaper said on Friday in remarks that could sow further tension in talks between Beijing and Washington.

The People’s Daily, the mouthpiece newspaper of the ruling Communist Party, said differences in labour productivity and operating costs in the world’s two biggest economies show the yuan, or the renminbi, is reasonably valued versus the dollar.

The article came just a day after U.S. Treasury SecretaryTimothy Geithner, in China with Secretary of State Hillary Clinton for annual talks with Beijing, repeated calls for China to have a stronger yuan to create room for more flexible policy.

“At the present stage, on the basis of value, and balanced supply and demand, the renminbi exchange rate is basically at a reasonable equilibrium,” said the article, written for the paper by the

View original post 442 more words

Advertisements

About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Advertisements

407 Training Visas

Get An Australian Diploma

Learn How To Sell Real Estate To Chinese Buyers

Learn How To Sell Real Estate To Chinese Buyers

writer@craighill.net

Join 1,676 other followers

China Daily Mail Latest Headlines On Twitter

%d bloggers like this: