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JAKARTA: Mufardi Rusli's neighbors hunch over tables covered in brightly colored fabric, the whirring of their sewing machines echoing across his Jakarta neighborhood.
WASHINGTON (Reuters) - China's currency is clearly undervalued, but pressure on Beijing to make its currency rise in value won't trim the U.S. trade deficit with China or reduce the jobless rate, say American economists.
WASHINGTON (AP): Pressure on China to allow its currency to rise in value against the dollar intensified Wednesday with a prominent economist telling Congress that the Obama administration should cite China and four other Asian economies as currency manipulators in a report due in April.
BEIJING (Reuters) - China faces mounting pressure from trade disputes with the United States but there is no prospect of an all-out trade war between them, a Chinese official said in remarks reported on Tuesday.
TOKYO (Reuters) - U.S. politics look to be playing a role in Washington's harsh response to safety problems battering Toyota's reputation, but no one expects a replay of the bitter trade wars that frayed ties and jolted currencies decades ago.