Written by BEIJING—U.S. Commerce Secretary Gary Locke stepped up criticism of China’s moves to limit access by foreign companies to its massive government procurement market, even though it isn’t clear whether the U.S. has any legal means to force China to back down. READ MORE »
Posts tagged china economy
Oil Rises After Increased Demand Forecast, Weaker U.S. Currency
Crude oil rose for a third day as the International Energy Agency increased its demand forecast and the dollar weakened, bolstering the appeal of commodities as an alternative investment. READ MORE »
China reports surprising trade surplus jump
China’s trade surplus with the rest of the world grew more than expected in June, according to numbers released Saturday. READ MORE »
China’s Posts Trade Surplus of $20 Billion in August
A surprisingly large surge in imports reduced China’s trade surplus in August, government data showed on Friday, but at just above $20 billion the surplus was still high enough to remain as a bone of contention in relations with the United States, which has argued that China has an unfair trade advantage because of a weak renminbi.
In June, China promised to allow more flexibility in the exchange rate with the U.S. dollar, but the rise in the renminbi so far has been minimal. READ MORE »
U.S. backs off in currency dispute with China
The Obama administration backed away on Friday from a showdown with Beijing over the value of China’s currency that would have caused new frictions between the world’s only superpower and its largest creditor. READ MORE »