In a sudden move clearly intended to stave off criticism at the G20 meeting in Toronto, China loosened the yuan's 23-month-old peg to the American dollar earlier this month, allowing its currency to appreciate against the greenback. This week's Sinica Podcast looks at the domestic drivers - both in China and in the U.S. - of the fracas over China's currency move. We also look at the Southern Media Group's surprising, but unsuccessful, bid to purchase Newsweek from the Washington Post, which has been looking for a buyer for the money-losing publication for several months.
Joining Kaiser to discuss these topics are New Yorker staff writer Evan Osnos
, who has written recently on the Chinese Newsweek bid, and Gady Epstein
, the Beijing bureau chief for Forbes magazine and close follower of Chinese monetary policy. So join us for a lively and enlightening podcast that talks about Chinese money and what it can and can't yet buy.
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