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In a veiled threat of a trade war, China expresses "deep regret" over a proposed bill designed...

In a veiled threat of a trade war, China expresses "deep regret" over a proposed bill designed to pressure Beijing on its currency policy, saying it "seriously violates rules of the WTO and obstructs China-U.S. trade ties." PBOC maintains that after factoring in inflation, the yuan is now close to a balanced level.
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Comments (2)
  • User 353732
    , contributor
    Comments (4976) | Send Message
     
    The US Regime will decisively lose a trade war with China. The Chinese Regime is better at strategy and execution and will have the support of almost the entire Global South and Russia and perhaps Germany.

     

    A trade war may well further enrich the top 1% of people in the US but it will damage almost everyone else. Only weak economies and weak polities engage in trade wars and have weak currencies.
    The strong and the able compete on merit and have strong currencies
    4 Oct 2011, 06:49 AM Reply Like
  • RM13
    , contributor
    Comments (905) | Send Message
     
    So how do you view protectionist policies of Brazil and Argentina recently, and their moves to increase exports?
    4 Oct 2011, 06:55 AM Reply Like
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