Geithner: China must boost Yuan; Substantially undervalued

  • Faster appreciation in China’s interests
  • Faces inflationary surge if does not let CNY rise
  • Weak currency hinders move toward domestic growth in China
  • Willing to talk about high-tech exports to China in exchange for currency move
  • US to grow at half the rate of emerging economies but twice as fast as Japan, Europe
  • US must restore fiscal responsibility spend less, reform tax system

Featured Videos