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January 24, 2009 at 8:49 AM #335198January 24, 2009 at 9:22 AM #334675CoronitaParticipant
And so, here is the start of U.S./China tensions with this administration, as I previously thought would happen…. Because the financial crisis isn’t our fault, it’s everyone else’s… That’s the american way…Never taking responsibility for self actions…Anyone else think china is gonna dump the treasury soon?
I recommend some of you with chinese roots to brush up on the history of concentration camps, or get very familiar with the neighbor up north…Don’t say i didn’t warn you.
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BEIJING (AP) — A top official at China’s central bank has dismissed U.S. Treasury Secretary-designate Timothy Geithner’s comment that President Barack Obama believes Beijing is “manipulating” its currency, state media said Saturday.
Su Ning, a deputy governor of China’s central bank, was cited as saying by the official Xinhua News Agency that the remarks were “not in line with the facts.”
“We thought in the face of the financial crisis, there would be a spirit of self-criticism beneficial to finding ways of resolving the issue and overcoming the crisis,” Su said, adding that it was imperative to avoid any excuses to encourage trade protectionism.
In answers to questions submitted by the Senate Finance Committee, Geithner wrote that Obama, backed by the conclusions of a broad range of economists “believes that China is manipulating its currency.”
However, Geithner also suggested that now might not be the right time to brand China as a currency manipulator under U.S. trade law, a designation that would trigger negotiations between the two countries and could result in U.S. economic sanctions against China.
He said Obama has pledged to use all the diplomatic avenues open to him to seek change in China’s currency.
China has allowed the value of its currency to rise by 21 percent over the past two years. But American manufacturers complain that the Chinese yuan is still significantly undervalued, making Chinese goods cheaper for U.S. consumers and American products more expensive in China.
January 24, 2009 at 9:22 AM #335003CoronitaParticipantAnd so, here is the start of U.S./China tensions with this administration, as I previously thought would happen…. Because the financial crisis isn’t our fault, it’s everyone else’s… That’s the american way…Never taking responsibility for self actions…Anyone else think china is gonna dump the treasury soon?
I recommend some of you with chinese roots to brush up on the history of concentration camps, or get very familiar with the neighbor up north…Don’t say i didn’t warn you.
——————————————–
BEIJING (AP) — A top official at China’s central bank has dismissed U.S. Treasury Secretary-designate Timothy Geithner’s comment that President Barack Obama believes Beijing is “manipulating” its currency, state media said Saturday.
Su Ning, a deputy governor of China’s central bank, was cited as saying by the official Xinhua News Agency that the remarks were “not in line with the facts.”
“We thought in the face of the financial crisis, there would be a spirit of self-criticism beneficial to finding ways of resolving the issue and overcoming the crisis,” Su said, adding that it was imperative to avoid any excuses to encourage trade protectionism.
In answers to questions submitted by the Senate Finance Committee, Geithner wrote that Obama, backed by the conclusions of a broad range of economists “believes that China is manipulating its currency.”
However, Geithner also suggested that now might not be the right time to brand China as a currency manipulator under U.S. trade law, a designation that would trigger negotiations between the two countries and could result in U.S. economic sanctions against China.
He said Obama has pledged to use all the diplomatic avenues open to him to seek change in China’s currency.
China has allowed the value of its currency to rise by 21 percent over the past two years. But American manufacturers complain that the Chinese yuan is still significantly undervalued, making Chinese goods cheaper for U.S. consumers and American products more expensive in China.
January 24, 2009 at 9:22 AM #335090CoronitaParticipantAnd so, here is the start of U.S./China tensions with this administration, as I previously thought would happen…. Because the financial crisis isn’t our fault, it’s everyone else’s… That’s the american way…Never taking responsibility for self actions…Anyone else think china is gonna dump the treasury soon?
I recommend some of you with chinese roots to brush up on the history of concentration camps, or get very familiar with the neighbor up north…Don’t say i didn’t warn you.
——————————————–
BEIJING (AP) — A top official at China’s central bank has dismissed U.S. Treasury Secretary-designate Timothy Geithner’s comment that President Barack Obama believes Beijing is “manipulating” its currency, state media said Saturday.
Su Ning, a deputy governor of China’s central bank, was cited as saying by the official Xinhua News Agency that the remarks were “not in line with the facts.”
“We thought in the face of the financial crisis, there would be a spirit of self-criticism beneficial to finding ways of resolving the issue and overcoming the crisis,” Su said, adding that it was imperative to avoid any excuses to encourage trade protectionism.
In answers to questions submitted by the Senate Finance Committee, Geithner wrote that Obama, backed by the conclusions of a broad range of economists “believes that China is manipulating its currency.”
However, Geithner also suggested that now might not be the right time to brand China as a currency manipulator under U.S. trade law, a designation that would trigger negotiations between the two countries and could result in U.S. economic sanctions against China.
He said Obama has pledged to use all the diplomatic avenues open to him to seek change in China’s currency.
China has allowed the value of its currency to rise by 21 percent over the past two years. But American manufacturers complain that the Chinese yuan is still significantly undervalued, making Chinese goods cheaper for U.S. consumers and American products more expensive in China.
January 24, 2009 at 9:22 AM #335117CoronitaParticipantAnd so, here is the start of U.S./China tensions with this administration, as I previously thought would happen…. Because the financial crisis isn’t our fault, it’s everyone else’s… That’s the american way…Never taking responsibility for self actions…Anyone else think china is gonna dump the treasury soon?
I recommend some of you with chinese roots to brush up on the history of concentration camps, or get very familiar with the neighbor up north…Don’t say i didn’t warn you.
——————————————–
BEIJING (AP) — A top official at China’s central bank has dismissed U.S. Treasury Secretary-designate Timothy Geithner’s comment that President Barack Obama believes Beijing is “manipulating” its currency, state media said Saturday.
Su Ning, a deputy governor of China’s central bank, was cited as saying by the official Xinhua News Agency that the remarks were “not in line with the facts.”
“We thought in the face of the financial crisis, there would be a spirit of self-criticism beneficial to finding ways of resolving the issue and overcoming the crisis,” Su said, adding that it was imperative to avoid any excuses to encourage trade protectionism.
In answers to questions submitted by the Senate Finance Committee, Geithner wrote that Obama, backed by the conclusions of a broad range of economists “believes that China is manipulating its currency.”
However, Geithner also suggested that now might not be the right time to brand China as a currency manipulator under U.S. trade law, a designation that would trigger negotiations between the two countries and could result in U.S. economic sanctions against China.
He said Obama has pledged to use all the diplomatic avenues open to him to seek change in China’s currency.
China has allowed the value of its currency to rise by 21 percent over the past two years. But American manufacturers complain that the Chinese yuan is still significantly undervalued, making Chinese goods cheaper for U.S. consumers and American products more expensive in China.
January 24, 2009 at 9:22 AM #335203CoronitaParticipantAnd so, here is the start of U.S./China tensions with this administration, as I previously thought would happen…. Because the financial crisis isn’t our fault, it’s everyone else’s… That’s the american way…Never taking responsibility for self actions…Anyone else think china is gonna dump the treasury soon?
I recommend some of you with chinese roots to brush up on the history of concentration camps, or get very familiar with the neighbor up north…Don’t say i didn’t warn you.
——————————————–
BEIJING (AP) — A top official at China’s central bank has dismissed U.S. Treasury Secretary-designate Timothy Geithner’s comment that President Barack Obama believes Beijing is “manipulating” its currency, state media said Saturday.
Su Ning, a deputy governor of China’s central bank, was cited as saying by the official Xinhua News Agency that the remarks were “not in line with the facts.”
“We thought in the face of the financial crisis, there would be a spirit of self-criticism beneficial to finding ways of resolving the issue and overcoming the crisis,” Su said, adding that it was imperative to avoid any excuses to encourage trade protectionism.
In answers to questions submitted by the Senate Finance Committee, Geithner wrote that Obama, backed by the conclusions of a broad range of economists “believes that China is manipulating its currency.”
However, Geithner also suggested that now might not be the right time to brand China as a currency manipulator under U.S. trade law, a designation that would trigger negotiations between the two countries and could result in U.S. economic sanctions against China.
He said Obama has pledged to use all the diplomatic avenues open to him to seek change in China’s currency.
China has allowed the value of its currency to rise by 21 percent over the past two years. But American manufacturers complain that the Chinese yuan is still significantly undervalued, making Chinese goods cheaper for U.S. consumers and American products more expensive in China.
January 24, 2009 at 9:34 AM #334685ArrayaParticipantFlu-That is a big story and one to be watched. I’m wondering if that was strategic by Geithner in some way. I saw an article from foreign press a few weeks ago on how china was toying with the idea of a gold backed currency. Which was maybe the 5th or 6th that I have seen in the past few months regarding china breaking away from the dollar.
Also, There have been plans for a few years now for a pipeline going thru pakistan from Iran to China.
Pakistan is a very strategic piece of property in may ways.
January 24, 2009 at 9:34 AM #335013ArrayaParticipantFlu-That is a big story and one to be watched. I’m wondering if that was strategic by Geithner in some way. I saw an article from foreign press a few weeks ago on how china was toying with the idea of a gold backed currency. Which was maybe the 5th or 6th that I have seen in the past few months regarding china breaking away from the dollar.
Also, There have been plans for a few years now for a pipeline going thru pakistan from Iran to China.
Pakistan is a very strategic piece of property in may ways.
January 24, 2009 at 9:34 AM #335099ArrayaParticipantFlu-That is a big story and one to be watched. I’m wondering if that was strategic by Geithner in some way. I saw an article from foreign press a few weeks ago on how china was toying with the idea of a gold backed currency. Which was maybe the 5th or 6th that I have seen in the past few months regarding china breaking away from the dollar.
Also, There have been plans for a few years now for a pipeline going thru pakistan from Iran to China.
Pakistan is a very strategic piece of property in may ways.
January 24, 2009 at 9:34 AM #335127ArrayaParticipantFlu-That is a big story and one to be watched. I’m wondering if that was strategic by Geithner in some way. I saw an article from foreign press a few weeks ago on how china was toying with the idea of a gold backed currency. Which was maybe the 5th or 6th that I have seen in the past few months regarding china breaking away from the dollar.
Also, There have been plans for a few years now for a pipeline going thru pakistan from Iran to China.
Pakistan is a very strategic piece of property in may ways.
January 24, 2009 at 9:34 AM #335212ArrayaParticipantFlu-That is a big story and one to be watched. I’m wondering if that was strategic by Geithner in some way. I saw an article from foreign press a few weeks ago on how china was toying with the idea of a gold backed currency. Which was maybe the 5th or 6th that I have seen in the past few months regarding china breaking away from the dollar.
Also, There have been plans for a few years now for a pipeline going thru pakistan from Iran to China.
Pakistan is a very strategic piece of property in may ways.
January 24, 2009 at 9:48 AM #334705Allan from FallbrookParticipantObama’s moves on China in the next few months will give everyone a very clear indication of how his administration is planning on dealing with what could be the biggest strategic threat of his Presidency.
And you better believe he’s going to scapegoat China in this mess.
January 24, 2009 at 9:48 AM #335033Allan from FallbrookParticipantObama’s moves on China in the next few months will give everyone a very clear indication of how his administration is planning on dealing with what could be the biggest strategic threat of his Presidency.
And you better believe he’s going to scapegoat China in this mess.
January 24, 2009 at 9:48 AM #335119Allan from FallbrookParticipantObama’s moves on China in the next few months will give everyone a very clear indication of how his administration is planning on dealing with what could be the biggest strategic threat of his Presidency.
And you better believe he’s going to scapegoat China in this mess.
January 24, 2009 at 9:48 AM #335147Allan from FallbrookParticipantObama’s moves on China in the next few months will give everyone a very clear indication of how his administration is planning on dealing with what could be the biggest strategic threat of his Presidency.
And you better believe he’s going to scapegoat China in this mess.
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