China Suggests Currency Shift
Posted 06:47 PM ET
10. Pres. Hu Jintao, just days after telling Obama that his nation wouldn't yield to "external pressure" to revalue the yuan, said China will adopt a "managed" floating exchange rate. The U.S. has long argued that an artificially cheap yuan gives China an unfair trade advantage, but Hu said China provided the world needed financial stability.
ABOUT DANG TIME!!!!!!!! NOW DO IT!! NOW!!
Posted 06:47 PM ET
10. Pres. Hu Jintao, just days after telling Obama that his nation wouldn't yield to "external pressure" to revalue the yuan, said China will adopt a "managed" floating exchange rate. The U.S. has long argued that an artificially cheap yuan gives China an unfair trade advantage, but Hu said China provided the world needed financial stability.
ABOUT DANG TIME!!!!!!!! NOW DO IT!! NOW!!