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China does not manipulate renminbi exchange rate

During an economist dialogue event held on May 11, Paul Krugman, the 2008 Nobel Economics Prize winner claimed that China's huge trade surplus is the result of government intervention and the world cannot continue to accept such tremendous trade deficit... ...full story at People's Daily

from People's Daily on Wed, May 13 2009

see also:

15 Jun 08 visit CCTV-9: Trade surplus dips 10% to USD 20.2 Bln  »  YouTube videoTrade surplus dips 10% to USD 20.2 Bln WATCH VIDEOSource: CCTV.com 06-12-2008 15:12 Special Report: 4th China-U.S. SED new According to the General Administration of Customs on Wednesday, China's trade surplus reached 20.2 billion US dollars in May,...
13 Oct 08 visit Paul Krugman wins Nobel Prize for Economics  »  Peking Duck Hallelujah. There really is a god. The American economist Paul R. Krugman won the Nobel economics prize on Monday for his analysis of trade patterns and location of economic activity. Mr. Krugman, 55, a professor at Princeton University in New Jersey and...
23 Feb 10 visit U.S. uses Renminbi exchange rate issue as "diversion": expert  »  People's Daily The U.S. has blamed China's great trade surplus with the U.S. on a stable Renminbi exchange rate. "In fact, this is a complete diversion from the fact that the U.S. is unable to continue reforming its own economic structure," commented Du Ping, an expert...
16 Apr 09 visit FM: China to continue reform of exchange rate process  »  People's Daily China said Thursday it had taken note of a U.S. report stating that the Chinese government did not manipulate the exchange rate of the yuan. "We will continue reform of the renminbi exchange rate mechanism," Foreign Ministry spokeswoman Jiang Yu told...
29 Nov 07 visit Joint panels set up on trade, RMB  »  People's Daily China and the European Union (EU) yesterday agreed to set up two separate high-level dialogue mechanisms on trade and finance to address disputes over trade imbalances and the exchange rate reform of the renminbi. Premier Wen Jiabao, Jos ...
12 Jun 07 visit China Trade Deficit Explodes… Again  »  The China Expat Looks like China’s trade deficit with the rest of the world is hitting new highs again. Today’s Wall Street Journal notes that: China’s huge trade surplus is on track to expand as much as 80% this year, new data suggest, as the nation...

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