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By Marlene Y. Satter, AdvisorOne |
November 14, 2011
After a summit meeting with Asia-Pacific leaders in Hawaii on Sunday, Obama said that China must do more, and more quickly, to allow the yuan to rise in value, because other countries feel “enough’s enough.”
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By Marlene Y. Satter, AdvisorOne |
November 7, 2011
The exchange rate for the yuan, according to Chinas commerce minister, is within a "basically reasonable level," and therefore is not responsible for the current trade imbalance with the U.S., according to Chen Deming, China's minister of commerce.