China warns US against making yuan dispute a 'scapegoat' for a flagging economy

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posted on Oct, 16 2010 @ 05:23 PM
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Well what you think of this.



China has again warned the US not to use the dispute over the value of the Chinese currency, the yuan, as a “scapegoat” for its high unemployment and flagging growth prospects.
The remarks from China’s ministry of commerce came hours before the US was due to release a report on whether it considers China a “currency manipulator” as fears grow that tensions over the currency could lead to a protectionist trade war.
The report has been repeatedly delayed despite a growing chorus of demands from US legislators and union bosses for the Obama administration to take tougher action against China’s alleged trade distortions.

Linkwww.telegraph.co.uk...

So its sounding like China are not going to give in to America on this "There could be truble ahead"

What do you think on this matter

Another link
uk.finance.yahoo.com...

Thanks
edit on 053131p://2010-10-16T17:35:42-05:001610 by mars1 because: left a word out




posted on Oct, 24 2010 @ 11:25 PM
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The US government is passing the buck by accusing the dispute on the valuation of the yuan as the total reason for their flagging economy,which is unfair and subjective.



posted on Oct, 24 2010 @ 11:33 PM
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Originally posted by mars1
Well what you think of this.



China has again warned the US not to use the dispute over the value of the Chinese currency, the yuan, as a “scapegoat” for its high unemployment and flagging growth prospects.

The remarks from China’s ministry of commerce came hours before the US was due to release a report on whether it considers China a “currency manipulator” as fears grow that tensions over the currency could lead to a protectionist trade war.


Linkwww.telegraph.co.uk...


It sounds like Wang Qishan has a bug in his ear prompting him on what to say.

Details not released of "quickly arranged meeting, held at an airport" between U.S. Treasury Secre
www.abovetopsecret.com...

Places everyone, Places the play must go on



posted on Oct, 24 2010 @ 11:35 PM
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In a free market economy a seller should be able to sell anything he wants at any price.

China is selling things cheap.

Telling China to appreciate their currency is the same as going to walmart and whining that they are selling things too cheap and they should raise their prices.

The only one that is getting hurt by undervalued/overvalued currencies is the seller.




Image related its Supply and demand, China will sell their things at the price where supply meets demand.

Its a sad thing when most of these politicians and voters have no understanding of basic economic principles



posted on Oct, 24 2010 @ 11:39 PM
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reply to post by mars1
 


I think monsanto and all other GMO's as well as all big pharma, which they will need, should also outsource themselves to china. Once this is done we can let the dollar go, find respect for the real heart of America once again which is its rich lands and hard working people.



posted on Oct, 25 2010 @ 12:12 AM
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China's been a problem ever since Nixon went over there and got them favorable trade status.
We should just raise the tariffs on Chinese goods to make their costs comparable to domestic products and let the markets decide.





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