Front Page
U.S. Tariffs To Pressure Yuan
Obama And Wen Meeting
Standing Firm Against Japan
Currency Pressure
Fighting Aids From Abroad
Anti-Corruption Course

David Moser Invites Guests To Talk About The Appreciation Of The Rmb Currency, Effects On The Global Markets, And The Possibility Of A Currency War.

Reaction To Currency Pressures
Hospital Rampage
Escaping An Addiction
Why Are Divorce Rates Rising?
Soft Power In Central Asia
A Lesson In Charity
Dino Tourism

U.S. President Barack Obama says last week his administration is putting increased pressure on China to open up its domestic market further to reciprocal trade.

Speaking at a Washington meeting with Democratic Party senators on February 3, Obama said that if the United States can increase its trade with Asia by even one percentage point, that will create thousands, maybe millions, of new U.S. jobs.

He said the important thing is to get Beijing to live up to existing trade rules. Obama also raised the thorny issue of the exchange rate of the Chinese yuan, which for years U.S. officials have considered to be deliberately undervalued by China. Experts estimate the yuan is presently undervalued by about 30 percent overall against major world currencies and about 40 percent against the dollar.

A lot of people are worried about China's exports to Europe as the Euro has depreciated. Others worry that China might come under EVEN MORE pressure to let its currency appreciate. One person commenting here says: "It looks like there is not much that China can do to persify its reserve risk. Commodities? Only to a certain extent. The other obvious choice" this person says "is to open up its currency so the renminbi becomes one of the World's reserve currencies. At least, this will allow China to manage its destiny better and not be at the mercy of others."

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Currency Appreciation