U.S. unwilling to provoke China, "confrontation"

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U.S. unwilling to provoke China, "confrontation"

Post  cylili on Fri Oct 15, 2010 8:44 pm

louis vuitton bagsU.S. Treasury exchange rate policy on Friday delayed the report until November 20 this year, the Group summit before making a decision. Faced with such a "cold treatment", the U.S. media that this indicates that the U.S. government is seeking on the currency issue with China, "multilateral solutions" rather than "provoke confrontation."

Reuters reported that the United States from the bottom of the Obama administration is seeking multilateral solution to the dispute with the Chinese exchange rate between, rather than provoke his biggest creditor - the confrontation. Reported that such a confrontation could lead to trade war between China and the U.S., so that the United States in the pace of recovery from the recession more slowly, apparently not welcomed by the current U.S. government.

U.S. Market Watch web site also believes that the trade deficit between China and produced by a variety of reasons, not only from the exchange rate of RMB against the U.S. dollar to find an excuse. Bloomberg interview with the Financial Times chief economics commentator Martin Wolf, in his view, the weak dollar and the sluggish U.S. economy "very dangerous", is harmful to both the global economy. Save the U.S. economy, slowing the rate of depreciation of the dollar, the purchasing power of the United States is an important step in recovery.

tiffany jewelryHowever, some U.S. congressmen also expressed the first time the exchange rate on the Treasury delayed the report dissatisfaction. The Wall Street Journal that the U.S. move has increased world leaders look for increasing ease of global warming panic of war exchange rate of the pressure on the road. The article also interviewed members who oppose the United States, the attitude that the United States needs "tougher."


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