Treasury Secretary Geithner delayed a required April 15 declaration that China is manipulating its currency, saying it will instead be taken up by the G20. China has now warned other G20 countries that the G20 meeting in Toronto next week is not the appropriate place to discuss their currency manipulation, saying that would be "finger-pointing." more »
After all this time China is still manipulating its currency, the Obama administration is still not able to get them to change, their exports are still rising relative to the rest of the world, global imbalances are still bubbling out of control, jobs are still being lost, and the Senate is getting ready to force the situation to change. more »
The US-China Strategic and Economic Dialogue has concluded. It is remarkable for two countries to engage in a dialog such as this, and efforts like this to constructively manage differences can both help keep conflict from arising and help both countries achieve economic success. Bravo! more »
Monday the U.S.-China Strategic and Economic Dialogue (S&ED) begins in Beijing. (See the Treasury Dept fact sheet on the S&ED.) Secretary of State Hillary Clinton and Treasury Secretary Tim Geithner will attend, and meet with their counterparts. more »
Is China's industrial policy a "bigger" concern than their currency manipulation? That depends on what you think the meaning of "is" is. But China's currency manipulation and trade barriers are against trade rules, while having an industrial policy is just smart. A national industrial policy helps a country's businesses to be more competitive in the world economy. more »
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