Secretary Geithner Due For Currency Talks In Beijing


Secretary Geithner due for currency talks in Beijing As the dispute continues between the United States and China over the latter’s alleged attempts to keep its currency undervalued, Treasury Secretary Timothy Geithner will visit Beijing April 8 for talks with the Chinese vice premier for economic affairs.

Although details of the talks have not been released, media reports suggests the meeting with Wang Qishan will focus on settling the currency dispute, which has threatened to overshadow economic cooperation between the two countries.

The U.S. government has complained that the artificially low exchange rate is giving China’s exporters an unfair advantage and has led a huge trade surplus with the U.S. In fact, some lawmakers have called for the imposition of punitive tariffs on Chinese imports, if Beijing fails to make the yuan more flexible.

However, not everyone is happy with the administration’s approach. For example, the National Inflation Association (NIA) recently said that America should not "upset" China, since the domestic consumption has been made possible by China’s weak currency that has artificially boosted the dollar’s value. NIA experts have expressed their fear that the appreciation of the yuan would lead to a hyperinflation in the U.S.

"It’s absurd for Congress to say they are going to penalize China, when China has the power to make the U.S. dollar collapse overnight," NIA has said. ADNFCR-1961-ID-19711452-ADNFCR

Personal Liberty

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.