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China renews promises of 'more flexible' yuan

China's central bank governor has renewed promises to ease controversial exchange rate controls — but says change will be gradual. Full story

South Africa's Zuma hits out at U.S. economic policies

South African President Jacob Zuma on Friday added his voice to criticism of the United States for pursuing loose policies that he said are putting the world economy at risk. Full story

China's foreign reserves surge past $3 trillion

China's foreign reserves have surged past $3 trillion, driven by exchange rate controls that Washington and other governments say distort trade and are hampering a global recovery. Full story

Geithner: inflexible currencies are biggest monetary problem

Tightly controlled exchange rate regimes are the main flaw in the international monetary system and the solution is simple, U.S. Treasury Secretary Timothy Geithner told a G20 meeting on Thursday. Full story

China's Premier Wen says yuan reform to remain gradual

China's exchange rate reform will remain gradual in order to allow businesses to steadily adapt, Chinese Premier Wen Jiabao said on Sunday. Full story

Bernanke: Don’t blame U.S. for capital swings

U.S. Federal Reserve Chairman Ben Bernanke defended easy money policies in advanced economies against the charge they are overheating emerging markets. Full story

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  The China Challenge

While American consumers benefit from China's currency, manufacturers keep getting hurt by the exchange rate. Alan Tonelson, of the U.S. Business and Industry Council, and Jim Oberweis, of The Oberweis China Opportunities Fund, discuss the issue and po...