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exchange rates
Posted at 9:35am on Dec. 10, 2007 Mr. Paulson Goes To China...
...And Will probably get his backside kicked again.
By blackhedd
Treasury Secretary Henry Paulson will be in China at mid-week for high-level discussions with Chinese government officials.
The topic is exchange rates. Mr. Paulson wants the yuan to appreciate against the dollar. The Chinese want the dollar to rise against the rest of the world's currencies, among other things.
Paulson won't get what he wants. But it's worth unpacking things a little, to get at the underlying issues. In particular, there are interesting political implications to some of the things China would like to do next.
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Posted in China | Economy | exchange rates | inflation | Paulson | yuan — Comments (11)/ Email this page » / Read More »
