{"id":22777,"date":"2010-11-08T00:48:58","date_gmt":"2010-11-08T00:48:58","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bloomberg-tensions_between_the_u-s-_and_china_ease_as_the_g-20_approaches\/"},"modified":"2010-11-08T00:48:58","modified_gmt":"2010-11-08T00:48:58","slug":"bloomberg-tensions_between_the_u-s-_and_china_ease_as_the_g-20_approaches","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=22777","title":{"rendered":"Bloomberg–Tensions between the U.S. and China Seem to Ease as the G-20 Approaches"},"content":{"rendered":"

U.S. Treasury Secretary Timothy F. Geithner refrained from pushing for current-account targets while China softened its stance on the Federal Reserve\u2019s quantitative easing days before a summit of the Group of 20.<\/p>\n

The Fed\u2019s move to buy $600 billion of Treasuries could contribute \u201ctremendously\u201d\u009d to global growth, Vice Finance Minister Wang Jun said after Asia-Pacific Economic Cooperation forum finance chiefs met in Kyoto, Japan, Nov. 6. At the same gathering, Geithner said current-account deficits or surpluses aren\u2019t \u201csomething that is amenable to limits or targets.\u201d\u009d<\/p>\n

Policy makers from Asia to South America have warned that the Fed\u2019s decision to pump liquidity into the U.S. will depress the dollar and spark flows of capital to emerging markets that threaten asset-price bubbles. China\u2019s Vice Foreign Minister Cui Tiankai said Nov. 5 the U.S. step may hurt global confidence, while rejecting state-planning style targets for trade deficits.<\/p>\n

Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. Treasury Secretary Timothy F. Geithner refrained from pushing for current-account targets while China softened its stance on the Federal Reserve\u2019s quantitative easing days before a summit of the Group of 20. The Fed\u2019s move to buy $600 billion of…<\/span><\/p>\n

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