Source: CCTV.com
02-07-2009 11:24
 |
Background Report:
 |
Intro:
During his Senate confirmation process, Timothy Geithner, the new U.S.Secretary of Finance, accused Beijing of manipulating the value of the yuan. This criticism thus ignited a renewed around of debates about China's exchange rate regime.
Though the accusation was regarded as more about politics than anything else, it has led to worries of protectionism and a possible Sina-American spat in the midst of a global slump.
To understand more about the debate about yuan now,the role it plays while nations are struggling to come up with remedies to come out of the financial crisis.
