China will politely resist Obama's G-20 proposal
China will find it hard to object to US President Barack Obama's drive for a more balanced global economy at a G-20 summit this week, but will resist any sweeping reforms that risk checking its headlong growth.
US calls for exporting nations to consume more will shift the spotlight back toward China's managed currency regime and whopping trade surplus after a year in which these were put to one side, displaced by the imperative of recovering from the global financial crisis.
That the United States is ready to put pressure on Beijing became clear this month when, for the first time since time since China joined the World Trade Organisation in 2001,it invoked a "special safeguard" clause to slap duties on Chinese-made tires
To read the full article, click here...
To read the ePaper, visit: http://epaper.financialexpress.com
US calls for exporting nations to consume more will shift the spotlight back toward China's managed currency regime and whopping trade surplus after a year in which these were put to one side, displaced by the imperative of recovering from the global financial crisis.
That the United States is ready to put pressure on Beijing became clear this month when, for the first time since time since China joined the World Trade Organisation in 2001,it invoked a "special safeguard" clause to slap duties on Chinese-made tires
To read the full article, click here...
To read the ePaper, visit: http://epaper.financialexpress.com
Labels: china, china joined wto, chinese container, chinese made tries, crisis, fastest growing economy, g20 summit, government, reforms, safeguard, spotlight, summit, United States
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10:24 AM
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