Chinese premier says no basis for drastic currency appreciation</p> NEW YORK, Sept. 23 (Xinhua) -- Visiting Chinese Premier Wen Jiabao said here Wednesday there was no basis for the drastic appreciation of the yuan, the Chinese currency.
2 W, E" j" e+ r& `+ T1 u. x During a speech at a welcome banquet by U.S.-China friendship organizations, Wen said the issue of the yuan exchange rate was an economic one and must not be politicized. Full story
3 `1 ~4 b z! M8 v0 h$ j Geithner cautions against measures on China over currency& {! }' q# \+ h% i* r0 v
WASHINGTON, Sept. 17 (Xinhua) -- Amid an outcry in the United States to pressure China on its currency exchange rate, Treasury Secretary Timothy Geithner on Thursday cautioned against punishment measures.+ j4 r* c( `5 u! T+ s4 B1 _
Geithner indicated that such measures could backfire as China is the fastest-growing major overseas market for the United States. The two countries have "significant economic interests" in their relationship, he told the U.S. Senate Committee on Banking, Housing and Urban Affairs. Full story% M0 g, Z5 v- ]% m8 {- f! k
Chinese currency not cause of U.S. economic woes: economist1 F% j9 m- ^. M% D
BEIJING, Sept. 20 (Xinhua) -- Structural problems with the United States rather than China's currency were responsible for the current difficulties facing the world's largest economy, an economist said on Monday.% R- G. o2 Q9 z& l- L
"The current anti-China moves in the U.S. Congress are purely a publicity attempt to distract attention from the real problems facing the U.S. economy," John Ross, a visiting professor at Antai College of Economics and Management, Shanghai Jiaotong University, told Xinhua. Full story
% X: a, F/ G( t% p# X6 [& R U.S. scholar says Chinese currency issue "90% political and 10% economic"4 A1 O" v {7 [2 V! ^9 C. I
BEIJING, Sept. 21 (Xinhua) -- John Naisbitt, an U.S. futurist and the author of the best-seller "Megatrends," said Tuesday arguments about the Chinese currency are "90 percent political and 10 percent economic."
+ J, i/ |, X% b( s( @! | Naisbitt made the remarks here at a seminar hosted by the China Center for International Economic Exchanges (CCICC). |