The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced.
Sentiment: NEGATIVE
We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.
What frustrates U.S. officials is that China sometimes seems more comfortable accommodating a strong United States, as it did in past decades, than partnering with an America that's less dominant.
China saves too much, produces too much, sells too much to Americans and consumes too little.
China owns more of our bonds than do Americans. That's not a good position to be in.
Our failure to properly deal with Germany and Japan early cost the world dearly later on. We dare not make the same mistake with China.
What there is no dispute about is whether or not China is a currency manipulator. They are a currency manipulator. They actively intervene every single day to keep the value of their currency less than it would be against the dollar than if it floated freely. We think. Even China barely disputes that.
I'm concerned with China growing at double or triple the rate of the West, that there will be tensions. One needs to do something to start addressing misunderstandings and frustration.
The U.S. - E.U. economic relationship dwarfs America's economic ties with China.
As the United States chains itself down with greater debt, China is building relationships across the globe to bolster its trade, its access to natural resources, and its energy consumption. In far too many cases, this means lost opportunities for America and our businesses.
There has been a rising tide of criticism about China's treatment of foreign companies.
No opposing quotes found.