US attacks China's "pace of reform"

Ben-Ami, Daniel
May 2006
Fund Strategy;5/15/2006, p10
Trade Publication
The article reports on the criticism of the administration of U.S. President George W. Bush against the international economic and exchange rate policies in China. According to John Snow, U.S. treasury secretary, Chinese exchange showed a slow and disappointing pace of reform causing a delay in progress of the global economy. In return, China sets a motion to desolate the reminbi's peg with the dollar which is slowly gaining a value against the dollar.


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