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Will China's Pension Crisis Keep the Yuan from Becoming a Global Reserve Currency?
Wednesday, October 23, 2013 - 4:47pm | 740As reported in the Financial Times, Chinese officials were using the government shutdown in the United States to push for greater usage of the Chinese currency, the yuan, as a monetary unit for the settlement of transactions around the world. A major part of the lobbying effort pointed to the...
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Geithner To Speak In Favor Of US Exporters In The Bilateral Dialogue Between The US And China Next Week
Wednesday, May 19, 2010 - 12:00pm | 348According to an article on CNBC, Timothy Geithner, US Treasury Secretary, said yesterday that American exporters will get a level playing field from a stronger Chinese yuan. However, in his talks with Beijing next week, he has decided to focus primarily on reducing trade barriers. While giving a...