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Posts Tagged ‘trade imbalance’

The Politicization of the Yuan

September 18th, 2010 17 comments

The U.S. Congress is running scared.  With a mid-term election coming up and a populace that is unhappy about the economy, they have resorted to be mad about something, and that something appears to be China – specifically China’s valuation of the Yuan (RMB). The argument goes:

China is keeping the yuan artificially low. In keeping the Yuan low, China is stealing job from America, preventing America from undergoing a quick economic recovery. China is artificially manipulating its currency to gain an unfair trade advantage against America. America must wake up and do something. China doesn’t listen to reason. If the U.S. must go into a trade war with China, so be it.

Let’s take a look at the engine under the hood of such reasoning. Read more…

Opinion: the Foxconn Incident is a Reflection of the Growing Pains Associated with China’s Traditional Mode of Development

May 30th, 2010 5 comments

The following is a translation of an op-ed published published in China Review News.

May 27, 2010 – Opinion: the Foxconn Incident is a Reflection of the Growing Pains Associated with China’s Traditional Mode of Development

The recent spate of suicides at Foxconn in China has brought unprecedented attention to this major international manufacturing subcontractor of electronics equipments.  While the causes of these suicides are inevitably complex,  the incidents are a general reflection of the stress the traditional mode of development has wrought on China’s society and provide a warning that change must be brought about soon. Read more…

Did Paulson Accuse China to be a Root Cause of Today's Global Economic Crisis?

February 4th, 2009 22 comments

In an interview to XinHua, Former U.S. Treasury Secretary Henry Paulson declared that he was wrongly portrayed to have laid blame on China for causing today’s global economic crisis. Read more…