Fred Bergsten
Fred Bergsten
C. Fred Bergstenis an American economist, author, and political adviser. He has previously served as assistant for international economic affairs to Henry Kissinger within the National Security Council and as assistant secretary for international affairs at the U.S. Department of the Treasury. He was director of the Peterson Institute for International Economics, formerly the Institute for International Economics, from its founding in 1981 through 2012 and is now senior fellow and director emeritus. In addition to his academic work, he...
adjustment asia currency hence policy taken virtually
Hence China's currency policy has taken virtually all of Asia out of the international adjustment process.
china degree few likely orders placed strong
We get the strong sense that the degree of frustration with China is accelerating very sharply and is not likely to be assuaged by a few orders that likely would have been placed anyway.
china economic gorilla
China is the 800-pound gorilla overshadowing all of the U.S. economic relations.
china currency define label law massively mistake
It's a big mistake not to label China if the U.S. law has any meaning. They are still intervening massively to keep their currency from rising. I don't see how you can not define that as manipulation.
china debate energy india policy ridiculous side table
It is ridiculous not to have China and India ... on our side of the table in the energy policy debate internationally.
blow european gets hit process regroup spur
Traditionally, when the European integration process gets hit by a blow like this, they regroup and usually use it as a spur for progress.
china deficit numbers problem showing singled
So what we're showing in our numbers (is that the) bilateral deficit with China should really be interpreted as a U.S. deficit with all of Asia, not as a bilateral problem with China to be singled out.
ad history point remain trade
The point is -- ad we know this from history -- that if currencies remain way out of line, trade protectionism follows.
clear commitment follow further
It is clear that the G-7 will come in with further intervention. They have made a commitment now and they must follow through.
few matter
I think it's a matter of a few years.
economic failure harder issues overall progress relationship security together undermine work
The failure to get progress on the economic issues may undermine the overall relationship and then make it harder to work together on the security concerns.
china countries currency failure leads major permit reaction trade united
The failure of China to permit its currency to move, as most other countries in the world are doing, leads to a major protectionist trade reaction here in the United States.
china cooperation crucial economic failure harder issues playing progress relationship security undermine
In this crucial area, China is not playing by the rules. Failure to get progress on the economic issues will undermine the whole relationship and make it harder to get cooperation on security issues.
alongside bipolar dollar euro global matter monetary move
In a matter of years, not decades, the euro will move up alongside the dollar in a bipolar global monetary framework.