China is finally coming to a conclusion that the nations currency policy has to change, and the timing is "imminent". "China has spent several trillion renminbi over the past 21 months to prevent its currency from rising against the U.S. dollar."-First of all i dont understand why America is still doing business with china when it is a communist nation. I understand that are doing awesome in the export business because everything I pick up says "made in china" but why not cuba? People would love the cuban cigars and I bet they would make great money exporting them. "President Hu Jintao told President Barack Obama in Washington on Monday that China would set its currency policy according to its own social and economic development needs, according to Xinhua, the official China news agency".-Is china asking for help or are they not? Because from the looks of it they are coming over to Washington to talk about currency
following by a trip to the US treasury. -Didnt America try to stop Chinese expansion in the 60's and now they are letting the Leaders of China into the US treasury. Something smells fishy and I hope non of my money is in there.
http://www.nytimes.com/2010/04/14/business/global/14yuan.html?partner=rss&emc=rss
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