男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

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: 太原市| 肥城市| 新河县| 张家港市| 靖远县| 应用必备| 昔阳县| 永丰县| 三明市| 盐边县| 姜堰市| 潞西市| 云梦县| 朝阳县| 新竹县| 滁州市| 资溪县| 广汉市| 耒阳市| 凤山县| 运城市| 鄂尔多斯市| 大冶市| 池州市| 南皮县| 景洪市| 佛教| 平谷区| 塔城市| 武邑县| 苏尼特左旗| 芷江| 上虞市| 虞城县| 根河市| 天等县| 建平县| 霍邱县| 陇川县| 黄石市| 林州市| 清苑县| 青岛市| 铜山县| 肃北| 浙江省| 三亚市| 新竹市| 浑源县| 界首市| 灯塔市| 大余县| 霞浦县| 扎赉特旗| 嘉祥县| 泗水县| 临夏县| 潮安县| 昌图县| 富川| 鄂伦春自治旗| 宁津县| 乌兰县| 保定市| 来宾市| 贺州市| 克拉玛依市| 锡林郭勒盟| 宜良县| 西乡县| 航空| 博爱县| 弥勒县| 宣恩县| 新兴县| 浮山县| 凤庆县| 南雄市| 徐州市| 石家庄市| 哈尔滨市| 习水县|