Currency remarks 'may reflect' policy shift
By Xin Zhiming | 皇冠体育app Daily | Updated: 2009-01-24 08:02
Remarks by US treasury secretary-elect Timothy Geithner that 皇冠体育app is "manipulating" its currency suggest the Obama administration will take a firm stance on its economic policies toward Beijing, local analysts said on Friday.
Geithner told senators on Thursday the new administration will press 皇冠体育app to change its exchange rate policies. His comments were a clear move away from the stance of the Bush administration, which did not label 皇冠体育app as a currency manipulator.
"The new US government seems to be harsher regarding 皇冠体育app's exchange rate policy," Sun Lijian, an economist with Fudan University, said.
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