As it was informed by "Market Leader (US)"
Chinese President says the Era of Dollar is over.
In advance of the official visit of the Chinese President Hu Jintao to the US, scheduled for Jan 19th 2011, the US performed a massive info assault on China in terms of criticizing the Chinese monetary policy.
The main newsmaker appeared to be Timothy Geithner, Secretary of the US Treasury. Not long ago he blamed Beijing for its rejection to accelerate the revaluation of the Chinese Yuan. The undervalued Chinese currency, he says, is the main reason for the bilateral trade imbalance and growing inflation in China. American experts consider the unwillingness of China to revalue its national currency as the main barrier restraining the global economy from recovering from the crisis. Mr. Geithner’s speech arose numerous comments around the world (read the article called “Will the Chinese Yuan win the trade war?”).