“China re-fixed the peg amid the financial panic of 2008, and now the American "revalue" clamor is rising again.”
“For years, the U.S. establishment has nonetheless been pressing China to "revalue" the yuan in the name of reducing the U.S. trade deficit.”
“We look specifically at our watch-list and our non-performing assets in the home equity area, beyond just doing the revalue which is sort of an automated revaluation.”
“Forcing China to revalue its currency is not just important for this recovery," said Ross Eisenbrey, vice president of the Economic Policy Institute, "I think it's really critical for the future of the economy.”
“He described forcing China to revalue its currency as "one of the most cost-effective stimulus measures now available to the US Government.”
“C. Fred Bergsten, director of the Peterson Institute for International Economics in Washington, told a congressional hearing last month that getting China to revalue its currency would generate 300,000 to 700,000 new jobs, most of them paying well over the national average.”
“In coming days, South Korea will encourage the U.S. and European nations to ease their pressure on China to revalue its currency, people familiar with the effort said, and look for other ways to change the sizable trade surpluses China has generated, which are blamed for a broader imbalance in the global economy.”
“I say to Europe's leaders: Don't join the chorus pressing to revalue the yuan.”
“Mr. Wen also made no reference Fr iday to Western pressure to revalue the yuan.”
“One question is how any calls for China to revalue the yen could feed through the Japanese stock market to bond prices.”
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