Tuesday, June 12, 2007

China of abusing the world trading system

The yuan is linked to the dollar through a crawling peg, and so Europe is bearing the full brunt of currency manipulation.

The yuan is linked to the dollar throughcrawling peg, Europe is bearing t full brunt of currency manipulation. EU blasts China over $22.4bn surplusPeter Mandelson, the EU trade commissioner, accused China abusing the world trading system, warning bluntest language to date Europe will not sit idly back while exporters are blocked from Chinese market.Peter Mandelson, EU trade commissioner, accused China of abusing world trading system, warning bluntest language to date t Europe will not sit idly back while its exporters are blocked from the Chinese market.The outburst China's trade surplus ballooned $22.45bn (£11.4bn) April increase of 73pc over year before. The surplus risen tenfold in three years, much expense of Europe."Europe's trade deficit with China

Posted by dangerous trading @ 08:30 AM (471 views)
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