日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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
主站蜘蛛池模板: 97视频在线观看免费 | 一级片免费网站 | av资源网在线观看 | 可以在线观看av的网站 | 久久久久国产一区二区三区 | 夜夜摸夜夜操 | 中文字幕二 | 超碰加勒比 | 成人毛片在线视频 | 丁香六月激情综合 | 国产美女高潮久久白浆 | 国产一区二区视频在线观看 | 成人黄色免费在线观看 | 男人疯狂高潮呻吟视频 | av网址在线 | 国产一区自拍视频 | 精品综合久久久 | 香蕉视频在线视频 | 黄色av免费在线观看 | 九九热精品视频在线 | 黄色免费在线网站 | 午夜小视频在线观看 | www日韩在线 | 亚洲一区 在线播放 | 国产午夜在线 | 欧美在线观看视频一区 | 四虎影视免费在线观看 | 97黄色片 | 影音先锋男人网 | 一区二区免费在线观看视频 | 久久草草 | 色综合中文| jk在线观看| 亚洲午夜精品久久久 | 一区二区三区欧美日韩 | 四虎免费网址 | 特黄一级大片 | 91成人久久| 午夜久久网 | 97爱爱视频 | 深爱五月激情五月 |