US House Speaker opposes currency bill
Speaker of the U.S. House of Representatives John Boehner reiterated on Tuesday his opposition to taking up a bill passed by the Senate on so-called China´s currency manipulation, saying that it is "a very dangerous policy. "
Int´l markets say "no" to coalition against China´s currency policy
The attendees of this year´s Canton Fair, China´s largest trade fair and a barometer of global economic health, have sent a clear signal that the world markets accept China´s policy of maintaining a stable yuan.
Politicizing trade issues can only harm Sino-U.S. economic ties: vice premier
Chinese Vice Premier Li Keqiang said Friday that politicizing economic and trade issues can only harm Sino-U.S. economic and trade ties, instead of resolving the economic and employment problems of the United States.
Chinese chamber of commerce strongly opposes U.S. Senate´s yuan bill
The China Chamber of International Commerce (CCOIC) on Thursday joined the opposition to the U.S. Senate´s passage of a bill that would pressure China to revalue its currency, saying the bill is "unfair."
U.S. Senate on Tuesday passed a currency bill which threatens to punish China for so-called "currency manipulation" with retaliatory tariffs, despite strong opposition from China and many U.S. business groups.
- Possible reasons behind currency bill:
The move came at a time when the U.S. unemployment is hovering above 9 percent and both the Democratic and Republican parties are gearing up for next year´s presidential election - Possible results of currency bill:
The passage of this bill will surely spark a trade war and US consumers would be the final victims.
Obama says currency bill on China could fall foul of WTO rules
The Senate move could fall foul of World Trade Organization rules, Obama said at a White House press conference.
Controversial U.S. currency bill risk trade war: Boehner
U.S. House of Representatives Speaker John Boehner told reporters on Wednesday that given the volatility of the global markets and the world economy, this measure will lead to unintended consequences.
U.S. chamber opposed to Senate passage of China currency legislation
The U.S. Chamber of Commerce in China on Wednesday voiced its opposition and "regret" at the U.S. Senate´s passage of a bill designed to push China to let the yuan appreciate further.
Washington Post: Currency bill to lead to negative results on US
A bill proposed by the U.S. Senate to punish China´s alleged currency manipulation will not help the U.S. create jobs, but will lead to negative results, the Washington Post said on Monday.
What is the real cause of US economic difficulties?
-- Ding Yifang, Research Fellow of State Council Development Research Center
"At a time when China is one of the few sources of global growth, ratcheting up protectionist sentiments only makes it harder to secure the necessary multilateral cooperation."
-- Yukon Huang, senior associate at the Washington-based think tank Carnegie Endowment
"The bill will be unfavorable for Chinese exports. China may also take retaliatory measures, including raising tariffs on imports from the US."
-- Cao Fengqi, director of the Finance and Securities Research Center at Peking University.
