China Loosens up, but is it enough?
Posted by jeckert on 06/22/2010
NPR's All Things Considered featured a piece on China's recent announcement to allow the yuan to gradually revalue and reflect market forces. After the announcement, stocks climbed globally, but as the day wore on, U.S. stocks fell, indicating that some question the validity of the move made by China's Central Bank just days before the G20 summit. NPR quoted AAM Executive Director Scott Paul, who said in a statement released yesterday, "I'll believe it when I see it." Read more and listen here.
Related recent Blogs
- May 17, 2013 Headlines: Strengthening our national security, focusing on jobs, and more. • by LRaup • 05/17/2013
- Five reasons you should be concerned about the U.S. military's reliance on foreign manufacturers. • by LDonia • 05/16/2013
- National Retail Federation dismisses global safety plan for garment factories while Cambodian shoe factory collapses. • by LDonia • 05/16/2013
- May 16, 2013 Headlines: factory collapses in Cambodia, U.S. retail industry dismisses plan for safer working conditions, & more • by LDonia • 05/16/2013
- U.S. Senate Passes Water Resources Development Act (WRDA) with Buy America Amendment Included. • by scapozzola • 05/15/2013
- May 15, 2013 Headlines: U.S. manufacturing slows, while manufacturers discuss domestic production, and more... • by LDonia • 05/15/2013
- Oregon construction group pushes for Made in America • by scapozzola • 05/14/2013
- Promise on the horizon for American solar • by mmcmullan • 05/14/2013
- May 14, 2013 Headlines: Redefining success, building Amtrak, banning Tesla, and more... • by LDonia • 05/14/2013
- New American-made locomotives unveiled. • by scapozzola • 05/13/2013