综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Center

Penalizing China to hurt US

(Agencies)
Updated: 2007-06-15 10:26
Large Medium Small

The growing sentiment in the US Congress to penalize China for its currency policies might lead to serious consequences for both countries, economist said.

US lawmakers Wednesday unveiled legislation which would punish countries with "misaligned" currencies, hours after the Treasury stopped short of branding China a "currency manipulator," a designation that could lead to economic sanctions.

The Treasury report said the policies have left the Chinese yuan undervalued but that US officials could not conclude that this was a result of a deliberate effort to gain an unfair trade advantage.

This failed to assuage lawmakers who claim the yuan is undervalued by as much as 40 percent, and contend this is a key factor in the loss of US manufacturing jobs and a 232.5-billion-dollar bilateral trade deficit last year.

"This bill requires the Treasury Department to take firm but fair action when other nations play games with the US dollar," said Senate Finance Committee chairman Max Baucus.

Special coverage:
Markets Watch
Interest Rate Hike

Related readings:
Penalizing China to hurt US US lawmakers told not to 'politicize' currency
Penalizing China to hurt US Bush administration: China not currency manipulator
Penalizing China to hurt US Yuan posts biggest daily gains in two years

Penalizing China to hurt US 
Expert: China should limit pace of yuan rise
Penalizing China to hurt US 
AmCham: Stop pressuring China to revalue renminbi
Penalizing China to hurt US 
Trade surplus up 72.3% to hit $22.4B in May

The committee's top Republican, Senator Charles Grassley, denied the bill was specifically targeted at China.

"We are not picking a fight with anyone. Twenty years ago this legislation could have applied to Japan, tomorrow it could apply to country 'X.'"

Many economists say such measures would be counterproductive and threaten the growing ties between the two economies on trade and investment.

"These kinds of punitive measures would be shooting ourselves in the foot," said Nariman Behravesh, chief economist at the research firm Global Insight.

"It would hurt our trade relationship, and hurt the willingness of the Chinese to invest in the US. There's no question that China has become the favorite scapegoat in the same way Japan was 20 years ago."

Beijing has promised to "respond" to any new measures, and some fear a downward spiral of protectionism if the bill succeeds.

"Protectionism begets protectionism, and any attempt by the United States to limit market access or impose higher costs on imports is likely to provoke similar measures from other parts of the world," said Joseph Quinlan, market strategist at Bank of America.

"Tit-for-tat protectionism would benefit no one, especially not the US multinationals presently enjoying the best of both worlds."

   Previous Page 1 2 Next Page  

分享按鈕
潍坊市| 阿拉善右旗| 玛纳斯县| 桐城市| 新巴尔虎左旗| 海淀区| 灵宝市| 嘉义县| 历史| 遵义市| 集安市| 元阳县| 隆尧县| 重庆市| 宁蒗| 德令哈市| 长治市| 大方县| 天台县| 怀远县| 剑川县| 常州市| 屏边| 福建省| 尉犁县| 德化县| 阜康市| 新源县| 锡林浩特市| 社会| 太仓市| 安吉县| 白城市| 高邮市| 鄂托克前旗| 邵武市| 类乌齐县| 潍坊市| 高雄县| 阳谷县| 翁牛特旗|