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U.S. media said the Senate legislative pressure on RMB appreciation is the wrong move  

2011-10-09 20:22:35|  分类: 英语学习 |  标签: |举报 |字号 订阅

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Published On Thursday, October 06, 2011 By admin. Under: US Stock Markets News.

U.S. mainstream media, “New York Times,” 5 Journal article said the United States Senate to be adopted in the RMB exchange rate issue legislation to penalize China is a “wrong move” will only lead to greater damage to the U.S. economy, as the two sides to create new conflicts.

“New York Times” that the United States Senate to punish “currency manipulation” State bill is a “bad” idea, severe retaliatory tariffs or other punitive measures can not force China to change the existing economic policies. On the contrary, the move to the U.S. economy caused more damage, but also to the already heavy-US bilateral relations a new conflict. “To discuss possible punitive actions in the political field is very useful, but very dangerous for the economy. “

3 U.S. Senate procedural vote passed the” 2011 currency exchange rate surveillance reform bill “project plan. The bill will bind to manipulate the exchange rate and trade subsidies, the U.S. government investigate the existence of major trading partners, either directly or indirectly down their currencies, and export subsidies for their own behavior. Once the main trading partners, undervalued exchange rate is determined, the U.S. will impose punitive tariffs on its. Widely seen as a move aimed at China, aims to force rapid appreciation.

However, the current Republican-led U.S. House of Representatives leaders have reservations about the bill. House Speaker John Boehner said on Monday in the U.S. Congress to pass legislation to force others to deal with the currency issue is “very dangerous”, which has far more than would be done abroad.

Chinese Foreign Ministry spokeswoman Jiang Yu 4, issued a statement saying that the U.S. Senate despite China’s firm opposition, procedural through “currency exchange rate surveillance Reform Act of 2011″ project plan. The case of so-called “currency imbalance” as an excuse to upgrade the exchange rate further, to take protectionist measures, a serious breach of WTO rules, seriously interfere with economic and trade relations, China is firmly opposed.

Related posts

    * U.S. Senate motion to postpone to the RMB exchange rate will vote next week
    * White House to force the appreciation of the RMB against the fear of international rules

Source:

http://www.stockmarkettoday.cc/u-s-media-said-the-senate-legislative-pressure-on-rmb-appreciation-is-the-wrong-move.html

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