January 12, 2011 Headlines
The U.S. is getting more aggressive at export financing to challenge China in third markets.
Most analysts expect the Yuan to appreciate somewhat ahead of the Hu-Obama summit next week (providing further proof that China manipulates its currency). China “nudges” the U.S. on the safety of its dollar-dominated assets ahead of the summit.
David Leonhardt says in the New York Times that China’s economic policies make U.S. Buy American policies look “minor league.”
Evergreen Solar closes a Massachusetts plant, citing Chinese support for its solar manufacturing. 800 workers will lose their jobs.
China is allowing offshore trading of the Yuan, a step in making the currency globally traded.
Chinese inflation is eroding its purchasing power.
The German economy is expanding at the highest rate for two decades, driven by exports.
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