US Wants China to Appreciate Renminbi

choi

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Kathy Chen and Jason Dean, U.S. Expected to Press China on Yuan; As Plans
for Obama, Clinton to Meet Dalai Lama Stoke Political Tensions, U.S.
Concerns Grow Over Economic Issues. Wall Street Journal, Feb. 18, 2010.
http://online.wsj.com/article/SB20001424052748704804204575069321056720944.html
("But for U.S. officials, China's exchange rate is becoming a top concern.
Mr. Obama and other administration officials argue that China's currency is
undervalued.")

My comment: At last US makes the move. For the past several months, there
has been trial balloons. The quotation squarely places Pres. Obama behind
the narrative.


------------Separately
中国长期经济兴衰取决于哪些因素？ VOA Chinese, Feb. 18, 2010.
http://www1.voanews.com/chinese/news/china/boom-bust-china-economy-20100217-84631107.html

My comment: Professor Michael Pettis (his title is from Tsinghua Univ. of
Beijing) may or may not be correct. He is not a PhD after all. But he is on
situ, right at Beijing for the past couple of years. The VOA report cites

Michael Pettis, Boom or Bust for China’s Economy. Carnegie Endowment for
International Peace, Feb. 16, 2010 (Q & A).
http://www.carnegieendowment.org/publications/index.cfm?fa=view&id=30974

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