Topic: Imports and Exports
China warns US against sanctions over currency
AP News
China warns US against sanctions over currency dispute, says may report trade deficit in MarchChina's commerce minister warned the United States on Sunday against imposing trade sanctions over Beijing's currency controls, and said his country was likely to report a trade deficit in March. Washington and other trading ...
China says trade deficit likely in March
AFP Asian Edition
China's export-dependent economy is likely to experience a trade deficit in March, a senior government official warned Sunday, possibly signalling a slowdown in overseas shipments. Commerce minister Chen Deming also defended the nation's exchange rate policy, noting a stronger yuan by itself could not resolve global trade imbalances ...
Current account deficit rises to $115.6B in 4Q
AP News
Current account trade deficit widens in 4Q but for year falls to the lowest level since 2001The current account trade deficit widened in the fourth quarter, reflecting an improving economy, but the imbalance for all of 2009 fell to the lowest point in eight years. Economists believe the deficit will ...
Forcing China to revalue currency may boomerang: analysts
AFP Global Edition
The US may be barking up the wrong tree by trying to force China to revalue its currency as it could fuel a rise in prices of favorite American products such as the iPhone and even plunge the Asian giant into social unrest, some analysts warned Wednesday. The debate over ...
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