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

   

Penalizing China to hurt US

(Agencies)
Updated: 2007-06-15 10:26

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

 
Expert: China should limit pace of yuan rise
 
AmCham: Stop pressuring China to revalue renminbi
 
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."
12  

(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 偷拍女澡堂bbbbbccccc | 久久精品99久久久久久 | 欧美视频中文字幕 | 影音先锋男人天堂 | 天天摸夜夜操 | 日韩欧美网 | 黄页网站在线免费观看 | 精品国产一区二区三区四区 | 亚洲黄业 | 夜夜天天干| 日韩国产在线播放 | 日本欧美在线视频 | 97超碰人人模人人人爽人人爱 | 特级黄色网| 亚洲欧美日本在线 | 日韩无遮挡 | 99精品久久久 | 狠狠干影视 | 99色在线视频 | 在线观看毛片网站 | 黄色在线观看国产 | 日韩欧美亚洲综合 | 九九热精品在线观看 | 久久久成人免费视频 | 在线看亚洲 | 在线免费亚洲 | 四虎最新入口 | 69国产精品视频免费观看 | 在线免费成人网 | 亚洲色在线视频 | 四虎影院在线免费 | 日韩av高清 | 欧美绿帽合集xxxxx | 日本黄色大片免费看 | 香蕉视频在线免费看 | 天堂久久网 | 免费黄色小视频在线观看 | av国语 | 毛片在线网站 | 国产精品久久久久久久久久久久午夜片 | 爆操小萝莉 |