Archive

Posts Tagged ‘global financial crisis’

Opinion:Making Sense of the Dollar and Yuan

November 26th, 2009 70 comments

Officials from both China and the U.S. have lauded Obama’s recent trip to China as a great success.  While some have criticized the trip for producing little in terms of specifics, one should not casually dismiss the achievements actually made (see U.S.-China Joint Statement). In so many ways, the relationship between U.S. and China has never been closer.

Yet despite the goodwill generated by the trip, there is one sharp difference that festers between the two – and that is the value of the Yuan.  Many in America feel that the Yuan is not only undervalued, but has created a huge trade deficit, setting in motion the current global financial crisis and threatening to prolong the current U.S. recession. Read more…

First U.S.-China Strategic and Economic Dialogue of the Obama Administration Underway

July 28th, 2009 19 comments

Today marked the beginning of the first U.S.-China Strategic and Economic Dialogue under Obama Administration. The meetings are considered to be important even though they may not yield immediate results. Read more…