China warns of double dip recession, page 1
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Topic started on 14-3-2010 @ 05:30 PM by dingleberry77
In the news in Australia this morning. As you know we are heavily linked to China with commodities and the like.

Chinese Premier Wen Jiabao warns of double-dip



China has been under increasing pressure to allow its currency, the renminbi, to appreciate, removing the effective peg to the US dollar that has been in place for more than a year since the financial crisis gripped the world.




Two days ago, US President Barack Obama ratcheted up his rhetoric, urging China to appreciate its currency, saying a "market-oriented'' exchange rate was "an essential contribution to that global rebalancing effort''.


China will not mess their currency or their position for anyone. They have America and us by the b@#ls at the moment.


reply posted on 14-3-2010 @ 06:13 PM by john124
reply to post by dingleberry77



You got 6% growth between Oct. and Dec. 2009 in the US.

[edit on 14-3-2010 by john124]
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