America's economic
imbalance with China has been a singular concern of policymakers for
more than half a decade. Sens. Charles E. Schumer and Lindsey Graham
wanted to punish China for pegging the exchange rate to the dollar in
2005 - arguing that its policy of cheapening the currency to subsidize
exports was fueling a huge trade surplus that cost US jobs. SEE MORE Plastics exports to Cambodia earned 20 million USD in the first quarter of this year, reported the Vietnam Plastic Association. SEE MORE Asian currencies had a weekly gain,
led by Taiwan’s dollar, as upbeat U.S. economic data brightened
the outlook for regional exports and prompted investors to favor
riskier assets. SEE MORE HCM CITY — Businesses already struggling to
survive in both domestic and international markets are going to be very
hard hit by the second rise in fuel prices in less than two months,
economists say. SEE MORE The country is estimated to
face a trade deficit of US$200 million in the first four months of the
year, equal to 2.3 percent of the country’s total export value, the
General Statistics Office (GSO) reported. SEE MORE