EQUIPO NIZKOR
Información

DERECHOS

09oct10


China currency must rise to fix imbalances: Soros


Billionaire investor George Soros considers the global currency system "lop-sided" and "controlled" by China, and urged the Asian giant to allow its currency to appreciate.

Soros' comments to BBC radio on Friday, broadcast on Saturday, come as global finance chiefs at a meeting in Washington seek to prevent tensions over currency valuations from derailing a fragile economic recovery.

"One of the basic imbalances that was at the root of the financial crisis and which needs to be corrected is the chronic (trade) surplus in China and big deficit in the United States," Soros said, referring to the 2008 financial crash.

China has kept its yuan currency

[Source: Reuters, London, 09oct10]

Donaciones Donaciones Radio Nizkor

Informes sobre DESC
small logoThis document has been published on 05Nov10 by the Equipo Nizkor and Derechos Human Rights. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.