Currency’s Weakness Troubles China’s Policy Makers

HONG KONG — Every weekday morning this year, China’s currency has followed the same ominous path. The central bank in Beijing fixes the initial value for the renminbi, the center point for the currency’s daily trading range.

U.S. and China moving toward trade war?

Hong Kong (CNN) – China says it could be on the march to a trade war with the United States. That’s after the U.S. Senate on Monday passed a key test vote that targets countries believed to keep their currencies artificially weak.

If the bill passes in the Senate – perhaps as early as this week – it would be the next step at shooting new tariffs onto exports from those countries. Looking between those Congressional crosshairs, this week’s legislation is clearly aimed at China.