Americans try to convince stubborn Chinese to revalue yuan by Zivka Deleva

United Stated officials criticize their biggest enemy’s financial politics, due to the tough attitude that Beijing shows lately. The Americans, through the US Treasury Secretary Timothy Geithner recommend China to revalue its currency, because it creates troubles not only to its people but worldwide. OK, once again, Americans are not concerned about “world peace”, but about their wellness. Another very important fact is the one that the elections are coming, and everybody is trying to be louder than the other in the Congress. They all agree, no matter on which party they belong, that they should force China’s government to think through this issue. ! "America can no longer afford to be complacent. We no longer have the luxury of pursuing failed approaches. We must rethink the US-China economic relationship. We must act, not just talk," said Democratic Senator Max Baucus. This invasive Chinese policy has provoked a big trade deficit for the US. Geithner had to listen to critics counter him, that he should have warned them on this important question earlier, so the pressure would have been done on time and without such an aftermath for the States. China always plays smart. Their public secret is that their goal is to gain an unfair advantage in international market. According to the Treasury first man, everything is not lost. He expects that later this month, at the summit of the Group of 20 in Toronto, the international influence would put some tension to China. The Republicans are quite nervous on this question. They think that it is quite the time to act and not only talk. The last time in the new history that Ch! ina was a little bit flexible, was in 2005, again after US inf! luence. We should wait and see, what will happen this time.

by Zivka Deleva for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.