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26. ‘‘China Central Bank to Set Up Exchange Rate Department,’’ Xinhua, August
1, 2008.
27. See Michael Pettis, ‘‘Export Rebates, Relaxed Lending Caps, and a New
Department at the PBoC [People’s Bank of China],’’ China Financial Markets blog,
August 1, 2008. www.piaohaoreport.sampasite.com/china-financial-markets/blog/Export-rebates-relaxed-lending-c.htm;
Victor Shih, ‘‘Restructuring Inside the PBoC,’’
Asia EconoMonitor blog, July 31, 2008. www.rgemonitor.com/asia-monitor/253227/
restructuringlinsidelthelpboc.
28. ‘‘PBOC Creates New FX Department to Set Yuan Policy,’’ Reuters, August
14, 2008. in.reuters.com/article/asiaCompanyAndMarkets/idINPEK15497820080814
sp=true.
29. ‘‘PBoC to Set Up Exchange Rate Bureau,’’ ChinaStakes.com, July 31, 2008.
www.chinastakes.com/story.aspxid=562.
30. Victor Shih, ‘‘Restructuring Inside the PBoC,’’ Asia EconoMonitor blog, July
31, 2008. www.rgemonitor.com/asia-monitor/253227/restructuringlinsidelthel
pboc.
31. Fannie Mae and Freddie Mac’s total debt is about $5.2 trillion. See Judy
Chen and Kim Kyoungwha, ‘‘China, Stung by Fannie, May Reduce Dollar Holdings,
CICC Says,’’ Bloomberg, September 11, 2008; Dawn Kopecki, ‘‘Fannie’s Mudd
Soothed Asian Investors as Yields Rose,’’ Bloomberg, August 4, 2008.
32. Dawn Kopecki, ‘‘Fannie’s Mudd Soothed Asian Investors as Yields Rose,’’
Bloomberg, August 4, 2008.
33. Deborah Solomon, Sundeep Reddy, and Suzanne Craig, ‘‘Mounting Woes Left
Officials with Little Room to Maneuver,’’ Wall Street Journal, September 8, 2008.
34. ‘‘Bush Seeks Chinese Cooperation in Managing Financial Crisis,’’ Inside
U.S.-China Trade, September 24, 2008.
35. The Bank of China is different and separate from the People’s Bank of
China, which is China’s central bank and manager of its foreign exchange holdings.
36. Saskia Scholtes and James Politi, ‘‘Bank of China Flees Fannie-Freddie,’’ Financial
Times, August 28, 2008.
37. Henry M. Paulson, Jr., ‘‘The Right Way to Engage China: Strengthening
U.S.-Chinese Ties,’’ Foreign Affairs, September/October 2008.
38. Henry M. Paulson, Jr., ‘‘The Right Way to Engage China: Strengthening
U.S.-Chinese Ties,’’ Foreign Affairs, September/October 2008.
39. ‘‘U.S. Officials See Tough Road for Investment Negotiations with China,’’ Inside
U.S.-China Trade, June 18, 2008.
40. ‘‘U.S., China Hold First Round of Investment Talks, as SOE [State-owned
Enterprises] Issue Stews,’’ Inside U.S.-China Trade, September 10, 2008.
41. ‘‘U.S. Officials See Tough Road for Investment Negotiations with China,’’ Inside
U.S.-China Trade, June 18, 2008.
42. UNCTAD (United Nations Conference on Trade and Development), International
Investment Agreements: Flexibility for Development (New York and Geneva:
2000), p. 101. www.unctad.org/en/docs//psiteiitd18.en.pdf; ‘‘U.S. Officials See Tough
Road for Investment Negotiations with China,’’ Inside U.S.-China Trade, June 18,
2008.
43. UNCTAD, International Investment Agreements: Flexibility for Development
(New York and Geneva: 2000), p. 96. www.unctad.org/en/docs//psiteiitd18.en.pdf.
44. ‘‘U.S., China Hold First Round of Investment Talks, as SOE Issue Stews,’’
Inside U.S.-China Trade, September 10, 2008.
45. ‘‘U.S., China Hold First Round of Investment Talks, as SOE Issue Stews,’’
Inside U.S.-China Trade, September 10, 2008.
46. ‘‘U.S. Officials See Tough Road for Investment Negotiations with China,’’ Inside
U.S.-China Trade, June 18, 2008.
47. U.S. Department of Commerce, ‘‘The 19th U.S.-China Joint Commission on
Commerce and Trade (JCCT) Fact Sheet’’ (Washington, DC: September 16, 2008).
www.commerce.gov/NewsRoom/PressReleaseslFactSheets/PROD01l007242.
48. Ariana Eunjung Cha, ‘‘China Widens Milk Probe as 3rd Baby Dies, Cases
Mount,’’ Washington Post, September 18, 2008.
49. U.S. Department of Commerce, ‘‘The 19th U.S.-China Joint Commission on
Commerce and Trade (JCCT) Fact Sheet,’’ September 16, 2008. www.commerce.gov/
NewsRoom/PressReleaseslFactSheets/PROD01l007242.
50. U.S. Department of Commerce, ‘‘The 19th U.S.-China Joint Commission on
Commerce and Trade Signing Ceremony Fact Sheet’’ (Washington, DC: September
16, 2008). www.commerce.gov/NewsRoom/PressReleaseslFactSheets/PROD01l
007240.
51. Henry M. Paulson, Jr., ‘‘The Right Way to Engage China: Strengthening
U.S.-Chinese Ties,’’ Foreign Affairs, September/October 2008.