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

  Home>News Center>Bizchina
       
 

'China trade war must be avoided'
(Agencies)
Updated: 2005-06-25 08:47

WASHINGTON: Federal Reserve Chairman Alan Greenspan urged Congress on Thursday to find a "less destructive" outlet for its frustration over China's trade and exchange-rate policies, saying a proposal to slap tariffs on Chinese imports would have "extraordinarily negative" consequences for the world economy.

Greenspan and Treasury Secretary John Snow sought to head off legislation that would impose tariffs of as much as 27.5 per cent on Chinese imports if China fails to change its fixed exchange-rate system within two years. "If that ever gets implemented the consequences, in my judgment, are extraordinarily negative," Greenspan told the Senate Finance Committee, referring to a bipartisan bill known as the China Free Trade Act.

Greenspan and Snow counselled Congress to be patient a little longer for China to move to a more flexible currency system.

Snow said tariff increases, if enacted, would not only harm the US economy, but would also delay any action by the Chinese Government to loosen its peg.

Greenspan agreed. "There is no crisis at this particular stage," he said. "If there's a crisis we'll all get together and solve it, but that's what we're trying to avoid." Raising tariffs on Chinese imports, he said, would hurt US consumers without reducing the giant US trade deficit or protecting US jobs.

He urged Congress to avoid "actions based on frustrations which don't address the real problem."

Greenspan played down the significance of the US trade deficit with China.

"The widening of the United States' bilateral trade deficit with China, measured gross, has been largely in lieu of wider deficits with other Asian economies, including Japan," he said.

"Measured by value added, our bilateral deficits with China would have been far less, and our bilateral deficits with other Asian exporters would have been far more."

Accordingly, a decision by the Chinese Government to revalue its currency, which is also known as the renminbi, would merely "redirect trade within Asia."

"Some observers mistakenly believe that a marked increase in the value of the Chinese renminbi relative to the US dollar would significantly increase manufacturing activity and jobs in the United States. I am aware of no credible evidence that supports such a conclusion," he said.



 
  Story Tools  
   
  Related Stories  
   
Bo: Respect our trade rights
Manufacturers, Exporters, Wholesalers - Global trade starts here.

 

Advertisement
         
主站蜘蛛池模板: 日韩免费在线 | 蜜桃视频黄色 | 日韩欧美www | av在线首页 | 日本高清www免费视频 | 国产精品成人一区二区网站软件 | 丁香午夜 | 最新国产在线 | 欧美精品久久久久久 | 裸体武打性艳史 | 国产精品福利影院 | 久久aⅴ国产欧美74aaa | 亚洲一区二区在线看 | 久久成年视频 | 日韩国产一区 | 四虎www.| 中文字幕av久久爽一区 | 99热免费在线观看 | 96国产精品| 国产精品福利视频 | 狠狠干超碰 | 精品国产户外野外 | 成人av图片 | 欧美亚洲一区二区三区四区 | 天天天色综合 | 欧美日韩a v| 国产精品www色诱视频 | 毛片在线看片 | 国产精品自拍在线观看 | 国产在线精品视频 | www.久久伊人 | 国产中文字幕在线视频 | 一区二区三区视频免费看 | 一级片在线免费观看 | 国产黄色精品网站 | 日韩av综合 | 香蕉国产在线 | 国产不卡视频在线观看 | 日韩欧美爱爱 | 操操操操操操操操 | 国产a级片免费看 |