January 30, 2005

THE CENTRAL BANK of China tells President Bush to sit on a stick. Quotable.
"The world economic imbalance is attributable to many reasons, but not the exchange rate," Li Ruogu, China's deputy central bank governor, told the World Economic Forum. "China has not the capacity to address that so-called imbalance. We are not willing to do it, and we are not able to do it."
Posted by Greg Ransom