China Slams Geithner's Comments on Currency; POLS 366

U.S. Treasury Secretary-designate Timothy Geithner recently stated that the Obama Adminstration is worried that China might be manipulating its currency. However, this claim has been met with some disagreement from China. Su Ning, the Vice Governor of the People's Bank of China, said that statements like these are misleading and hurt the progress made towards ending the financial crisis both nations face. The exchange between the two sides shows how the growing economic problems can even hurt diplomatic relationships among nations. China is the United States' largest foreign creditor, and the most eminent threat the to the United States' global dominance. A dispute over economics at this time between the two superpowers could have tremendous implications.

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/24/AR2009012400995.html