Industry and Labor Step Up Fight Over China&#39;s Currency
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With many American manufacturers still shedding jobs, a new coalition of industry groups and labor unions petitioned the administration on Thursday to take the unorthodox
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China's yuan hits new highs amid speculation of a deal with the US to settle long-running rows over the currency.
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The toymakers of Seiffen in Germany are battling for their livelihoods against cheap Chinese imports.
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China faced diplomatic pressure from   rich countries on Saturday to let its currency rise faster to   ease imbalances in trade and capital that pose one of the   biggest risks to the health of the global economy.
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China had &quot;strong reservations&quot; about floating its yuan currency (CNY=: Quote, Profile, Research) , according to International Monetary Fund documents from July that were released on Friday.
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A pair of accidents that killed more than 300 miners has underscored the human price China pays for its booming economy and ravenous appetite for coal, an industry that's seen more than 4,500 workers killed on the job this year.
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China raises interest rates in a move to dampen inflation and stop the economy overheating.
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China&#39;s top Communist party leaders have called for stability in the country&#39;s monetary and fiscal policies and continued efforts to rein in growth in fixed-asset investment, in a
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China's yuan shows its biggest post-revaluation rise against the dollar as the central bank signals a shift in its policy.
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China came under renewed pressure Saturday from the Group of Seven to make its yuan more flexible, while Japan emerged from the meeting without a public scolding, despite criticism beforehand that its weakened yen was hurting other economies.
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Greater flexibility in China&#39;s exchange rate is in the nation&#39;s best interest to help the central bank better manage the effects of inflation and should be pursued ``without undue delay
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TOKYOâWhen the United States demands at this week&#39;s Group of Seven meeting that China loosen its grip on the yuan, Japan is expected to say little and try to avoid being drawn into the debate between the country&#39;s two biggest trading partners.
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China has no immediate plans to let the value of its currency rise, despite renewed pressure at a weekend meeting of Group of Seven finance officials, the government said Monday.
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U.S. lawmakers stepped up pressure on  China to boost the value of its currency as high-level talks  aimed at persuading the country to quicken economic reforms  moved toward a conclusion on Friday.
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U.S. lawmakers stepped up pressure on China to boost the value of its currency as high-level talks aimed at persuading the country to quicken economic reforms moved toward a conclusion on Friday.
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Economic instability looms as major currencies seem to be racing each other to the bottom of the pile. This is the flavour of the markets at the moment.
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U.S. lawmakers have resurrected a petition seeking a formal investigation of China's currency policy, in a challenge of the Bush administration's handling of trade relations with Beijing.