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yuan_zcen
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US says China not currency manipulator

http://www.chinadaily.com.cn/world/2009-10/16/content_8800524.htm
(Xinhua)
Updated: 2009-10-16 05:51

WASHINGTON - The US government said on Thursday that China did not manipulate its currency against the US dollar during the first half of 2009.

In its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, the Department of Treasury said that no major trading partner of the United States met the standards identified by a US act of manipulating their rates of exchange against the U.S. dollar to gain unfair competitive advantage in international trade.

US is so merciful. I'd like to see what it will say in the following days.

2009-10-16 10:06 AM

huang262
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I'm waiting for the US to tell us that the sky is blue and grass is green.

2009-10-16 11:06 AM

vorgal78
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Geez fellas, they are just saying this in case you fellas say that the US is always accusing you of something. It is called public information.
As far as Huangs comment goes they probably will just so their opinion on the matter is clear. What is common sense or not doesnt come into it.

2009-10-16 11:59 AM

liuyedao
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Because the world's biggest currency manipulator is Federal Reserve...

2009-10-16 12:21 PM

interesting (Steven Schreiber)
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The Fed does not practice exchange rate targeting of any kind, hence it is not a currency manipulator.

2009-10-16 12:41 PM

yuan_zcen
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QUOTE:

Originally posted by liuyedao at 2009-10-16 12:21
Because the world's biggest currency manipulator is Federal Reserve...

Actually, US cannot be currency manipulator because it has to not be, and because its currency is dollar.

But it also give US excuse to accuse others as manipulators.

2009-10-19 03:45 PM

totothedog
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That's Because the Great Satan and Its Poodle ARE Manipulators

The "strong dollar policy" is a joke. Greenspan said he used to cringe every time Rubin stated it, but he only said that because he wants the fraudulent dollar to weaken further.

2009-10-21 11:35 PM

zhuosizhe
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just wait and see

just do it!

2009-10-27 11:35 AM

totothedog
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Great Satan IS the Manipulator AND is Flooding China with Fraudulent Dollars

There's been another big spike in global foreign currency reserves as recorded by the IMF. In the second quarter one reading showed global reserves jumped from $7.088trn to $7.268trn a week later. Almost all of it was added to 中國's reserves and almost all of it was hot money rather than surplus on the current account.

It was hot money which flooded the Asian Tigers and led to the Asian Financial Crisis when those hot money inflows reversed. The source of the hot money is clearly the Great Satan. Months before Lehman Bros. was assassinated, the Great Satan withdrew the hot money. This showed up as a rise in the dollar with no explanation why. Komically, the Anglo Amerikan media touted the fraudulent dollar as a "safe haven" (rather than gold) even though it's imploding and attributed the decline in world markets to Lehmans even though the flows started in July 2008 (the ZIRP started two months before the official December implementation too; a clear case of insider trading). It's also been discovered that Lloyds of London (New Yorks successor as the world's krime kapital) has been money-laundering by flooding 中國 with funds. An undercover reporter approached Lloyds and was encouraged to send his money to 中國.

Latest figures reveal another big spike in global foreign reserves as the Great Satan and its poodle print money faster than Weimar. Reserves jumped from $7.213trn to $7.399trn a fortnight later.

The amounts are probably higher as the IMF only covers about 70% of reserves. It claims that some countries do not report details of their holdings. But the real reason is probably to hide a decline in gangster dollar holdings below 50% of global reserves which would trigger a run out of the dollar.

Whereas the Great Satan complains that 中國's currency is undervalued, the 人民幣 has appreciated against the dollar in this decade and the fraudulent kurrencies trade weighted index has fallen to all time lows. It is because the Great Satan is manipulating its fraudulent kurrency lower (a violation of WTO rules to lower the exchange rate for trade advantage), that hte Great Satan has refused to label 中國 a currency manipulator. It was even admitted before the vote in the korrupt Great Satan parliament that the Graham & Schumer bill threatening 25% tariffs on 中國 goods would not be passed.

2009-10-27 03:02 PM

johnnyli
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i like american,but i don't like its political policy.

i like american,but i don't like its political policy.

2009-10-30 10:50 AM

#10

PlanetCode
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hegemony policy!

2009-11-2 04:16 PM

#11

balance2008
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we are expective.

If oneday China become a currency manipulator,that indicates China is more powerful.we are expective.

2009-11-4 09:07 AM

#12

a leaf drifting
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I think China now should stick to the currency policies which is in line with the chinese conditions ,despite some rumour telling that china manipulate the currency ! But we should have a slight that china will suffer inflating for which we should firmly tackle with.
The goverment now confront the problems that RMB will appreciate amid the slowdown of dallor .No matter how ,we just look forward the American responses .

2009-11-5 07:01 PM

#13

morrismak
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Not a currency manipulator, but a market manipulator. Always make new laws to control the market, or drive unwanted businesses out. Such as adding the labor union in Shenzhen to drive out the factories, or increasing the down payment on real estate to control prices.

Don't get me the wrong way. I think it's a good thing...to control the growth of the market.....unlike the US where it's too free and the system basically collapsed.

2009-11-16 05:25 PM

#14

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