Chinese Renminbi

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U.S. political odd couple takes on China

Reuters US Online Report Politics News 4 hours ago

WASHINGTON (Reuters) - An American political odd couple is leading a charge to crack down on what critics see as China's unfair trade practices. Opposites in politics and personal style, Republican Senator Lindsey Graham and Democratic Senator Charles Schumer share the view ...

Current account deficit rises to $115.6B in 4Q

AP News 7 hours ago

Current account trade deficit widens in 4Q but for year falls to the lowest level since 2001 The current account trade deficit widened in the fourth quarter, reflecting an improving economy, but the imbalance for all of 2009 fell to the lowest ...

US-China differences 'should not harm Iran cooperation'

AFP American Edition 10 hours ago

Chinese-US differences over Taiwan and Tibet should not stop Beijing from backing strong sanctions against Iran or trip up cooperation on global issues, Washington's ambassador to Beijing said Thursday. "Differences on Taiwan and Tibet cannot, must not, prevent us from working together ...

U.S. tells China yuan issue is of "real concern"

Reuters US Online Report Top News 11 hours ago

BEIJING (Reuters) - The United States kept up pressure on China on Thursday to let the yuan climb as Beijing disclosed it was sounding out exporters on whether they could cope with a stronger exchange rate. Washington wants Beijing to abandon a ...

China lashes out at US resolution on Falungong

AFP Asian Edition 11 hours ago

China on Thursday lashed out at a US House of Representatives resolution that urged Beijing to end its "persecution" of the outlawed Falungong spiritual group. The House voted nearly unanimously on Tuesday to call on China to free thousands of members of ...

US ambassador urges China cooperation on Iran

AP News 11 hours ago

US ambassador urges disputes with China be separated from cooperation on international issues Beijing needs to take seriously American concerns about the value of the Chinese currency, but bilateral disputes should not impede cooperation on global issues such as climate change and ...

China rejects US lawmakers pressure on currency

AP News 11 hours ago

China rejects US lawmakers pressure on currency, accuses Washington of protectionism China rejected pressure by U.S. lawmakers for Beijing to ease currency controls and accused Washington on Thursday of trade protectionism that it said might hurt the global recovery. Responding to a ...

Yuan rise would be disastrous: China export body

Reuters US Online Report Business News 15 hours ago

BEIJING (Reuters) - A rise in the yuan would be a disaster for labor-intensive Chinese exporters, a semi-official trade group said on Thursday, as frictions grow with the U.S. and other Western powers over Beijing's stable currency policy. The China Council for ...

China's roars grow louder in Year of the Tiger

AFP Global Edition 17 hours ago

After running at loggerheads with the West over climate change, human rights and nuclear proliferation, China is now on a collision course with the international community on the value of its currency. Emboldened by its growing power and prosperity, China is striking ...

China unyielding on yuan as U.S. raises pressure

Reuters US Online Report Business News yesterday

WASHINGTON/BEIJING (Reuters) - China on Wednesday rejected criticism of its exchange rate policies and said it was being made a "scapegoat" after the U.S. Congress threatened to slap duties on Chinese goods unless it revalues its yuan. Many U.S. lawmakers, with strong ...

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