03/15/10 Stockholm, Sweden – Throughout the media, mainstream and otherwise, and especially since the financial crisis, are discussions of China’s growing importance… be it in new billionaires or in strengthening political allies. However, Ambrose Evans-Pritchard takes a different tack. When it comes to the current issue of Chinese yuan appreciation in particular, he questions whether China’s aggressive ire may have risen a little too far too fast.
From The Telegraph:
“China’s premier Wen Jiabao is defiant.
“‘I don’t think the yuan is undervalued. We oppose countries pointing fingers at each other and even forcing a country to appreciate its currency,’ he said yesterday. Once again he demanded that the US takes ‘concrete steps to reassure investors’ over the safety of US assets…
“…Days earlier the State Council accused America of serial villainy. ‘In the US, civil and political rights of citizens are severely restricted and violated by the government. Workers’ rights are seriously violated,’ it said.
“‘The US, with its strong military power, has pursued hegemony in the world, trampling upon the sovereignty of other countries and trespassing their human rights,’ it






