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Obama to Push Hu on Chinese Yuan Revaluation at APEC Summit

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Uploaded by on Oct 27, 2011

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On Tuesday, a senior US Treasury official, Under Secretary Lael Brainard, said President Obama is going to push Chinese leader Hu Jintao to revalue the Chinese yuan.

According to a Reuters report, Obama will put pressure on Hu at the upcoming 2011 Asia Pacific Economic Cooperation—or APEC—meeting in November. APEC 2011 is hosted by the United States. Leaders from the 21 APEC countries will attend the summit, held in Honolulu.

Some US policymakers have accused the Chinese regime of purposefully undervaluing the yuan to give an unfair economic advantage to Chinese exporters.

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  • China #1 Lowest Debt !!!

    The Winner is China!!!

    They push you push back!!

    Put your Crown on and RULE.

  • More expensive goods from China coming. Now that China production dominates many markets, they can start raising prices anyway without suffering much demand decline. JMO.

  • Hu will push Obama you mean. China owns Obama.

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