{"id":1139,"date":"2011-10-05T13:01:48","date_gmt":"2011-10-05T17:01:48","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1139"},"modified":"2011-10-05T13:01:48","modified_gmt":"2011-10-05T17:01:48","slug":"bernanke-criticises-china-over-currency-ft-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/bernanke-criticises-china-over-currency-ft-com\/","title":{"rendered":"Bernanke criticises China over currency &#8211; FT.com"},"content":{"rendered":"<blockquote><p>The chairman of the US Federal Reserve has accused China of damaging prospects for a global economic recovery through its deliberate intervention in the currency market to hold down the value of the renminbi.<\/p>\n<p>&#8230;..\u201cRight now, our concern is that the Chinese currency policy is blocking what might be a more normal recovery process in the global economy,\u201d he said. \u201cIt is to some extent hurting the recovery\u201d.<\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/b1f7be1c-eeaa-11e0-959a-00144feab49a.html#axzz1ZvYuPMDS\">Bernanke criticises China over currency &#8211; FT.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The chairman of the US Federal Reserve has accused China of damaging prospects for a global economic recovery through its deliberate intervention in the currency market to hold down the value of the renminbi. &#8230;..\u201cRight now, our concern is that the Chinese currency policy is blocking what might be a more normal recovery process in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/05\/bernanke-criticises-china-over-currency-ft-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bernanke criticises China over currency &#8211; FT.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,34],"tags":[918,1072,1352,1618,3731],"class_list":["post-1139","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-us-canada-countries-regions","tag-currency-intervention","tag-dollar","tag-fed","tag-greenback","tag-yuan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bernanke criticises China over currency - FT.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bernanke criticises China over currency - FT.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The chairman of the US Federal Reserve has accused China of damaging prospects for a global economic recovery through its deliberate intervention in the currency market to hold down the value of the renminbi. &#8230;..\u201cRight now, our concern is that the Chinese currency policy is blocking what might be a more normal recovery process in &hellip; 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That was a public capital outflow aimed at supporting its trade surpluses. But, in its attempts at managing the currency relationship with the US, it is the latter that\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3645,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/28\/china-outlines-plan-to-loosen-capital-controls-ft-com\/","url_meta":{"origin":1139,"position":1},"title":"China outlines plan to loosen capital controls &#8211; FT.com","author":"ColinTwiggs","date":"February 28, 2012","format":false,"excerpt":"China\u2019s capital controls have served it well. It was little harmed by the Asian financial crisis of 1997-98 and has been largely insulated from the global tumult of the past four years. That resilience in the face of external trouble has emboldened conservatives in Beijing who support the status quo.\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12145,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/11\/let-the-global-race-to-the-bottom-begin-foreign-policy\/","url_meta":{"origin":1139,"position":2},"title":"Let the Global Race to the Bottom Begin | Foreign Policy","author":"ColinTwiggs","date":"August 11, 2015","format":false,"excerpt":"Patrick Chovanec writes: On Aug. 11, the People\u2019s Bank of China announced a decision to devalue China\u2019s currency \u2014 the renminbi, or RMB \u2014 by 1.9 percent, by resetting the daily band within which it\u2019s traded..... The Chinese will try to argue they are just letting the market have its\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12930,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/09\/chinas-trilemma-and-a-possible-solution-brookings-institution\/","url_meta":{"origin":1139,"position":3},"title":"China\u2019s trilemma\u2014and a possible solution | Brookings Institution","author":"ColinTwiggs","date":"March 9, 2016","format":false,"excerpt":"From Ben Bernanke: China faces the classic policy trilemma of international economics, that a country cannot simultaneously have more than two of the following three: (1) a fixed exchange rate; (2) independent monetary policy; and (3) free international capital flows. Accordingly, China\u2019s ability to manage its exchange rate may depend,\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2660,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/15\/fragile-and-unbalanced-in-2012-nouriel-roubini-project-syndicate\/","url_meta":{"origin":1139,"position":4},"title":"Fragile and Unbalanced in 2012 &#8211; Nouriel Roubini &#8211; Project Syndicate","author":"ColinTwiggs","date":"December 15, 2011","format":false,"excerpt":"The outlook for the global economy in 2012 is clear, but it isn\u2019t pretty: recession in Europe, anemic growth at best in the United States, and a sharp slowdown in China and in most emerging-market economies. ......Adjustment of relative prices via currency movements is stalled, because surplus countries are resisting\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12207,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/19\/currency-manipulation-and-its-distortion-of-free-trade-a-b-laffer\/","url_meta":{"origin":1139,"position":5},"title":"Currency Manipulation and its Distortion of Free Trade | A B Laffer","author":"ColinTwiggs","date":"August 19, 2015","format":false,"excerpt":"Extract from Arthur B. Laffer's paper on currency manipulation: ....Successful currency manipulation inhibits the exchange rate from acting as an automatic stabilizer to macroeconomic events, and thereby leads to growth and trade imbalances. Currency manipulation has therefore, in part, inhibited the world from fully recovering from the financial crisis. For\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"GDP growth rates","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-worldgdp.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-worldgdp.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-08-19-worldgdp.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1139"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1139\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}