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Why Xi Doesn’t Need a Deal With Trump
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President Xi Jinping of China is buying time for Beijing and may see an
opening with a U.S. president weakened by the war in Iran.
1 hour ago
Wednesday, July 20, 2011
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China's representative to the IMF, He Jianxiong, sharply disagreed with a number of IMF's conclusions -- including its assessment of the currency. He said that one reason that China's reserves have grown to more than $US3 trillion ($2.8 trillion) is that central banks in the US and Europe have kept interest rates so low that capital has surged into emerging markets.
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