China tells Obama Treasury pick it is not manipulating currencyChina denied Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant that it was manipulating its currency, reacting to a statement by US President Barack Obama's Treasury secretary-designate Timothy Geithner. "The Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
adj. 1. Commonly called: "new buildings ... in so-called modern style" Graham Greene. 2. currency manipulation to gain benefits in its international trade," the Chinese Chinese, subfamily of the Sino-Tibetan family of languages (see Sino-Tibetan languages), which is also sometimes grouped with the Tai, or Thai, languages in a Sinitic subfamily of the Sino-Tibetan language stock. commerce ministry said in a statement faxed to AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. late Friday. "Directing unsubstantiated criticism at China on the exchange rate issue will only help US protectionism protectionism Policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other handicaps placed on imports. and will not help towards a real solution to the issue," said the statement. The statement from the commerce ministry was in response to a request from AFP for a reaction to statements made by Geithner released Thursday. "President Obama -- backed by the conclusions of a broad range of economists -- believes that China is manipulating its currency," Geithner wrote to members of the Senate finance committee in written answers. The Chinese commerce ministry promised to maintain a basically stable currency. "Even though the global crisis caused by (the) US subprime crisis has brought serious challenges to the development of China's economy and China's foreign trade, we nevertheless have emphasised many times that China will maintain the basic stability of the exchange rate," it said. "We will not rely on depreciation to support exports." It added that "in a situation where the impact of the global financial crisis continues to spread, all nations should strengthen cooperation and coordination and face the challenges together." 
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion