Showing posts with label market-oriented. Show all posts
Showing posts with label market-oriented. Show all posts

Friday, November 20, 2009

President Obama regarding China

“I was pleased to note the Chinese commitment, made in past statements, to move toward a more market-oriented exchange rate over time,”
- President Obama during his recent trip to China.

The Chinese must have had a good laugh, given the US government is in the process of abandoning market-oriented exchange rates.