国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  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.



Photo exhibition features friendly exchanges
World Carnival to open today in Beijing
First Wal-Mart store opens in Shanghai
  Today's Top News     Top China News
 

Sino-US relations good for peace, stability

 

   
 

Death toll up; disease 'under control'

 

   
 

State okays new postal savings bank

 

   
 

Personal income tax threshold to be raised

 

   
 

DPRK, US extend one-to-one meetings

 

   
 

India's record-breaking rains kill over 500

 

   
  China starts producing pig-borne disease vaccine
   
  Ex-official sentenced to death for corruption
   
  Trade surplus rocketing brings pressure
   
  Is it time to start culling big bad wolf?
   
  House okays bill aimed at subsidized China goods
   
  RMB appreciation helps nation's airlines
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
信阳市| 洪湖市| 阳原县| 特克斯县| 陇南市| 梁平县| 辽宁省| 剑川县| 闵行区| 呈贡县| 阿巴嘎旗| 赫章县| 大庆市| 清新县| 观塘区| 瑞安市| 揭东县| 柯坪县| 嘉定区| 长垣县| 冕宁县| 青铜峡市| 天台县| 嘉鱼县| 南木林县| 大宁县| 高淳县| 漳州市| 合川市| 湟源县| 台南市| 石林| 巴彦淖尔市| 商洛市| 克拉玛依市| 五大连池市| 新蔡县| 广水市| 枣庄市| 衡南县| 巨野县|