Tag Archives: Dollar

Predictions for 2010

The global economy is much more stable today than it was at this time last year, but that doesn’t make 2010 any easier to predict. In January 2009, the debate was all about numbers. Would China’s economy grow by 8 percent as the government was predicting, 7.2 percent as the World Bank concluded, or considerably […]

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China Draws the Lines

Now that all of the state visits are over, Wen Jiabao, China’s premier, drew some pretty clear lines in the sand regarding China’s currency and climate change policies. Speaking at the conclusion of the EU-China summit in Nanjing, Wen said: “Some countries on the one hand want the renminbi to appreciate, but on the other […]

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Geithner Faces China Skeptics

“Watch us…and watch what we do—in staging a strong recovery and controlling the rising deficit.” Those were the words of US Treasury Secretary Timothy Geithner as he faced Chinese skeptics at a China Daily news conference on Tuesday. On numerous occasions over the past several days, Geithner’s message was that the United States will spawn […]

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Geithner as Bond Salesman

Before Secretary of the Treasury Timothy Geithner headed to Beijing over the weekend, a senior Treasury Department official was quoted as saying that Geithner plans to press Beijing to take drastic measures to turn China’s economy into one that depends heavily on sales to domestic consumers and less on sales to the U.S. and other […]

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Treasury Secretary Geithner: Barking Up The Wrong Tree

Through Timothy Geithner, the new Treasury Secretary, the Obama Administration has signaled that the relationship between the United States and China may be headed for choppy waters. In written testimony for his confirmation hearing, Mr. Geithner said that President Obama, “backed by the conclusions of a broad range of economists — believes that China is […]

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