Lally Weymouth of Newsweek and The Post interviewed Prof.Roubini of New York University,published at the Washington Post,April 27, 3009 on page A19:
"In the short run, China has no option but to accumulate dollar reserves. Why? Because if they stop doing that,their currency would appreciate sharply while their exports are plunging. China cannot afford to let its currency appreciate any further, and to prevent the appreciation given their current and capital accounts they have to buy another $499 billion of reserves this year along. They want to create a yuan zone in Asia. They are pushing for inter-Asian trade to be conducted in yuan. They are taking several steps that will lead their own currency to become an international currency." Such statement may be the outcome of Sino-American Economics at present for readers' own thoughts.
According to Phoenix TV report,April 28, 09,Chinese Minister of Commerce Chen met US Commerce Department Secretary Gary Locke and Larry Summers of economic adviser to the President to discuss Sino-American Economics in action as per the volition of the leaders of two nations for mutual benefit in the 21st century.
Francis Shieh aka Xie Shihao,an independent monitor of Sino-American economics on Monday,April 27, 2009 at 7.40 p.m.
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