Greenspan Not Impressed with Chinese Currency Bid; Officials Dispute Notion That Revaluation Would Have a Big Impact On Trade Imbalance

Telegraph - Herald (Dubuque) › June 08, 2005

Linked as:

Summary

WASHINGTON (AP) - The Bush administration's effort to increase pressure on China to overhaul its currency regime received less- than- rave reviews from Federal Reserve Chairman Alan Greenspan and key central bankers from China, Europe and Japan.

Greenspan disputed the contention of U.S. manufacturers that a revaluation of China's yuan would make a significant impact on America's soaring trade imbalances.

See the full content of this document

Extract

Greenspan Not Impressed with Chinese Currency Bid; Officials Dispute Notion That Revaluation Would Have a Big Impact On Trade Imbalance

Zhou Xiaochuan, the head of China's central bank, re...

See the full content of this document