Monday, March 22, 2010

China commerce minister tips trade deficit in March

Chen, speaking at forum Sunday, said China's deteriorating trade picture with the rest of the world indicated China shouldn't revalue its currency against the U.S. dollar, the state-run China Daily reported.

As the April 15th deadline to declare China a currency manipulator approaches, the rhetoric is running at full steam on both sides. Come on, other than Antarctica - and I'll have to check on that one because the penguins now with Internet access are becoming increasingly savy, which continent doesn't manipulate its currency?

Source: marketwatch.com

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