Promises “not to use exchange rates for competitive purposes.”
Tightly controlled yuan has lost almost 10 per cent of its value against the US dollar this year.
…But no plans to send it the way of the penny.
He’ll renegotiate trade deals such as China’s WTO accession agreement.
Other countries want Beijing to ease controls that gave Chinese exporters an unfair price advantage.
But Beijing says it’s aimed at making the tightly controlled currency more market-oriented.
Will accept virtual currency for textbooks.
Takes hit from currency loss, lower oil and gas price.
Obama’s pro trade allies battle claim China boosts exports by keeping it artificially low.
Virtual hub will allow faster, more-secure currency conversion and help Canadian companies save on exchange costs.
Only 27% cite a benefit from a weaker dollar, 18% are worse off.
Commentary says it triggers higher domestic prices, plus higher importing and financing costs.
New satellite orders during Q1 totalled $36.6 million.
The ECB is tasked with setting monetary policy to keep inflation just below 2%, but inflation across the 17 EU countries fell to 0.8% in December.
Manufacturing sector worst hit, losing half its firms between 2006 and 2010.