Home>News Center>China
       
 

US senators urge China to further boost yuan
(AFP)
Updated: 2005-07-29 06:54

Two key U.S. lawmakers expressed disappointment over China's central bank announcement it has no immediate plans to further revalue the yuan and dismissed Beijing's gambit as a "baby step," AFP reported 

Democratic Senator Chuck Schumer and Republican Senator Lindsey Graham, vocal critics of China's monetary policy, said in a statement Thursday that additional adjustments are still needed.

"This was a good first step, albeit a baby step. The most significant thing about this move was that the Chinese have basically conceded that pegging their currency is bad for China, for the world economy, and for the US," Schumer said.

He added: "The Chinese have put in place a process that is designed to lead to further gradual revaluations based on market supply and demand. While the Chinese Central Bank has said that they will not do another fixed valuation in the near future, we trust that the Chinese will allow market forces to work."

Some lawmakers say the yuan remains grossly undervalued and that industry in the United States, Japan, and the European Union is being hurt by cheap Chinese exports.

Schumer and Graham are authors of a bi-partisan China Free Trade bill that would require China to stop pegging its highly devalued currency to the US dollar and let it float on the free market.

After a meeting in June with Treasury Secretary John Snow and Federal Reserve Bank chairman Alan Greenspan, Schumer and Graham agreed to delay a vote on their legislation calling for a 27.5 percent tariff on all Chinese goods. The vote now is scheduled for the end of the Senate session likely in October.

"We want to be very clear: our bill is still scheduled to be voted on before the end of the Senate session in October. If it seems like the Chinese are moving forward, great. If not, we are still ready to vote on our bill," Schumer said.



Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News
 

Australia, US, Japan praise China for Asia engagement

 

   
 

Banker: China doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

China considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: China should reconsider currency plan
   
  China: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 亚洲第一成年免费网站| 特级毛片a级毛片免费播放| 精品一区二区三区视频| 欧美日韩在线不卡| 日本道在线观看| 天天色天天综合| 我要看WWW免费看插插视频| 大又大粗又爽又黄少妇毛片| 国产欧美一区二区三区在线看| 啊灬啊灬啊灬岳| 亚洲乱亚洲乱妇无码麻豆| 中文字幕乱理片免费完整的| 91手机看片国产福利精品| 99re在线播放视频| 边吃奶边摸下我好爽视频免费| 特级毛片a级毛片在线播放www| 日韩精品视频免费在线观看| 女人与公拘交酡过程高清视频 | 一级成人黄色片| 成人免费激情视频| 男人的j桶女人免费网站| 日本成人在线免费观看| 国产精品高清一区二区三区| 午夜精品乱人伦小说区| 亚洲AV无一区二区三区久久| jizzjizzjizz国产| 草草影院私人免费入口| 欧美国产日韩在线| 婷婷五月在线视频| 国产乱视频在线观看| 亚洲中文无码a∨在线观看| h视频在线免费观看| 草草久久久无码国产专区| 欧美一级二级三级视频| 女人是男人的女未来1分49分| 国产人成无码视频在线观看| 亚洲国产精品综合福利专区| www.中文字幕.com| 美国十次狠狠色综合av| 日韩乱码人妻无码中文字幕视频| 国产精品第一页爽爽影院|