Infographic: How China Manipulates Its Currency

[gambit]

Sure. It is the same thing in the end.

America was the only real driving force behind this currency initiative, the G20 wanted nothing to do with it.

So if as you say, the US government is too worried about consequences to do anything about it... then the entire initiative is dead in the water.

If a policeman does not CITE you a speeding ticket, does that mean his radar gun or his car's speedometer was in error when either mechanism showed you in violation of the posted speed limit? Citing you, as in writing you a ticket, mean putting you in the line of receiving adverse consequences. Economists the world over recognizes currency manipulation when they see evidences of it by any country. The evidences they gather are independent of what foreign policies may urge politicians to do. If those evidences are not credible, those charges would have never been brought forth for the politicians to dismiss in the first place.

 

[JayAtl]

I believe a fair comment would be to say - Each country cares more about itself than others. China cares more about itself and so does America.

I hear you and follow your logic but in the case of China_ it has gone overboard and that's why we read about multiple economies complaining loudly.

 

[bandit]

Sure. It is the same thing in the end.

America was the only real driving force behind this currency initiative, the G20 wanted nothing to do with it.

So if as you say, the US government is too worried about consequences to do anything about it... then the entire initiative is dead in the water.

Chine believes in stability.

During the Asian economic crises in 1997, China too firmly hold the Yuan stable against a very strong devaluation press from the market. The current deviation from some called 'equilibrium' is just the inertia of the history and bureaucracy in the Central Bank.

When the world finance crises bursted out 2 years ago China natually had more intention to hold a stable exchange rate environment.

Fed actually did the same thing by carrying out the "Quantitative Easing" to save the wall street but at the cost of world inflation. It is manipulation as well by your definition.

I believe a fair comment would be to say - Each country cares more about itself than others. China cares more about itself and so does America.

Ok so now we have gone from "China not a currency manipulator" to " China is justified in manipulating currencies".

Fair enough as long as another Chinese fanboy doesnt wave about that article and says Uncle Sam said China isn't a currency manipulator.

Now, China would have been alright manipulating its currency if it hadn't bee a signatory to the WTO, which expressly prohibits it from indulging in unethical behavior. By manipulating its curency and putting other producers at a disadvantage, China is breaking on its commitment to the accord.

 

[oct605032048]

If China had 'broken' the WTO promise why the WTO jumped out to claim its rights?

What the hell is business with Indians here? Your country's name is barely on the list of China's top 10 major trade partners.

 

[oct605032048]

If you really believe India needs a trade war with her largest trade partner, just go ahead.

China, however, don't really care much about her trade with india. It is only a 60 billions bunsiness per year, less than 5% of China's total trade value.

 

[Chinese-Dragon]

Ok so now we have gone from "China not a currency manipulator" to " China is justified in manipulating currencies".

Fair enough as long as another Chinese fanboy doesnt wave about that article and says Uncle Sam said China isn't a currency manipulator.

Now, China would have been alright manipulating its currency if it hadn't bee a signatory to the WTO, which expressly prohibits it from indulging in unethical behavior. By manipulating its curency and putting other producers at a disadvantage, China is breaking on its commitment to the accord.

No country has cited China as a currency manipulator.

Which basically means that nothing will happen.

Looks like the US government really likes the loans it gets from China.

 

[Chinese-Dragon]

Now, China would have been alright manipulating its currency if it hadn't bee a signatory to the WTO, which expressly prohibits it from indulging in unethical behavior. By manipulating its curency and putting other producers at a disadvantage, China is breaking on its commitment to the accord.

LOL @ Indians crying.

What's with the whining? This time try to actually DO something about it, instead of just whining like you did after the Mumbai attacks.

Take your case before the WTO, or at the very least, ask the Indian government to cite us as currency manipulators. Surprise us, by actually doing something this time.

 

[oct605032048]

No country has cited China as a currency manipulator.

Which basically means that nothing will happen.

Looks like the US government really likes the loans it gets from China.

Right and since China began to shift to a more market oriented monetary policy, the price of China's exports began to rise and that ends up in the inflation in the world. It is pretty obvious in the local Walmart for the past months.

 

[JayAtl]

If China had 'broken' the WTO promise why the WTO jumped out to claim its rights?

What the hell is business with Indians here? Your country's name is barely on the list of China's top 10 major trade partners.

maybe you have forgotten your country of citizenship. but Indians here happen to be Americans too and also see their fellow countrymen suffer because of the job losses due to this currency cheating .

 

[JayAtl]

LOL @ Indians crying.

What's with the whining? This time try to actually DO something about it, instead of just whining like you did after the Mumbai attacks.

Take your case before the WTO, or at the very least, ask the Indian government to cite us as currency manipulators.

he is speaking from american job loss perspective... the whining is what you did when you got caught trying to fudge 90,000 dead in the earthquake and then it turned to begging...

 

[oct605032048]

maybe you have forgotten your country of citizenship. but Indians here happen to be Americans too and also see their fellow countrymen suffer because of the job losses due to this currency cheating .

What's wrong with my citizenship?
And are you indian or American? I mean citizenship.

 

[Chinese-Dragon]

he is speaking from american job loss perspective... the whining is what you did when you got caught trying to fudge 90,000 dead in the earthquake and then it turned to begging...

LOL, the American government refuses to cite us as currency manipulators as well.

I guess they care more about Chinese loans, than local jobs.

Thanks America!

 

[oct605032048]

maybe you have forgotten your country of citizenship. but Indians here happen to be Americans too and also see their fellow countrymen suffer because of the job losses due to this currency cheating .

They lost their job due do their lazy and incompetence. Or maybe partly due to your governments' fault as well. It it can hold the currency stable while control the inflation rate at low level.

You just need to grow up and stop crying after you lose the game.

 

[JayAtl]

LOL, the American government refuses to cite us as currency manipulators as well.

I guess they care more about Chinese loans, than local jobs.

you not getting that language are ya? the one time is was held off does not equate a permanent stance. Oh and I'll end with the customary chinese LOL heh eh LOL.. beavis

 

[below_freezing]

I best if China supplied oil to the US it would be a different story. Ultimately the US screwed up and it did it big time, if a country sold you something cheap and invested in your economy it could be advantageous to the country if it used that competitive advantage to enhance their country further. During the good years the US should have invested in things like
1. Public Transportation
2. Compact housing
3. Work efficiencies

Instead it chooses to
1. Build more road for cars
2. Encourage crazy consumption (look at Wal Mart)
3. Let the banking sector go crazy
4. Continues support of inefficient unions

Now that the bubble has burst they start pointing fingers at China, the US public should really start to look at their own misguided politicians about what is going on.

The RMB should be pegged to the the weight of gold and then get the US to pay back in bullion. No more of this printing toilet paper nonsense

Not until we get enough nukes. The US has a simple solution to its debtors: invade them. We need at least 5000 nukes to discourage a US attack on China.