US: Currency an important policy to move China away from dependence on exports

US officials continue to give the press background briefings, setting the stage for next weeks’s meeting betwen US and Chinese officials. China needs to prepare for a new economy, one not led by US consumption, a US official says. Currency rates are one tool for economic rebalancing, the official said. US hosehold savings are on the rise and China needs to prepare for a “new” US economy.

That is, of course, unless they can produce a Blu-Ray player for under $100. We Americans be all over that like a rash!