久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

Snow: Trade action against China won't work
(Reuters)
Updated: 2006-01-06 15:15

WASHINGTON - U.S. Treasury Secretary John Snow urged China on Thursday to allow further revaluation of its currency, the yuan, saying it would help world economies adjust from trade and current account imbalances, but warned against retaliatory trade measures.

Treasury Secretary John Snow, pictured here in 2005, denied that China has the United States in an economic stranglehold but renewed demands for greater currency flexibility from Beijing(AFP/
Treasury Secretary John Snow, pictured here in 2005, warned against trade measures against China in a call-in TV program on January 5, 2006. [AFP]
"The trade deficit is influenced by lots of things, differential growth rates, differential savings rates and investment rates and so on. But clearly, getting the yuan more appropriately valued will be helpful to the global adjustment process," he said on CSPAN television.

But Snow defended the administration's decision not to formally cite China as a currency manipulator, saying U.S. pressure on Beijing has been effective and that Chinese policy-makers recognize further revaluation is in their national interest.

"They are putting in place mechanisms to allow their currency to have greater flexibility... so I think we're on the right course," Snow said.

If the United States tried to pressure China to adopt a more flexible currency through trade actions against Chinese imports, it might only result in corresponding measures against the United States and create market uneasiness, he warned.

U.S. manufacturers complain that, even after a modest revaluation of its yuan currency last July, China's currency remains seriously undervalued and that lets China unfairly run up steadily mounting surpluses on its trade with the United States.

"China's behavior is inviting lots of negative reaction in the Congress," Snow said in response to questions after an address to the U.S. Chamber of Commerce.

"They do need to clean up their act on intellectual property, they do need to understand that trade is a two-way street," Snow said. "We're not satisfied one bit on the currency issue, but it's awfully important we resist these protectionist pressures."



Panda pair for Taiwan revealed
Harbin International Ice and Snow Festival opens
Giant pandas enjoy snowfall in Sichuan
  Today's Top News     Top China News
 

Panda pair for Taiwan unveiled, names solicited

 

   
 

Report ranks China 6th in overall strength

 

   
 

Snow: Trade action against China won't work

 

   
 

China plans prudent monetary policy for 2006

 

   
 

Suiciders kill 125 civilians, 5 American Gls

 

   
 

Nanjing pays tribute to 'Conscience of Japan'

 

   
  Work safety key in assessing development
   
  Report ranks China 6th in overall strength
   
  More progress expected in forex reform in '06
   
  Bank sues in-debt graduates
   
  2007 moon rocket production kicks off
   
  Nanjing pays tribute to 'Conscience of Japan'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Snow: China should get credit for yuan moves
   
Snow says US must back off on China's currency
   
Snow urges faster China reform
   
Snow says China moving to flexible yuan
   
Snow: Punitive bills on China 'ill-conceived'
   
Snow 'astonished' by changes in Shanghai
   
China reforms forex rate forming mechanism
  News Talk  
  It is time to prepare for Beijing - 2008  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 久久频这里精品99香蕉久 | 久久97视频 | 中文字幕 亚洲精品 | 国产日韩精品一区二区在线观看 | 麻豆传媒一区 | 国产3级在线观看 | 亚洲国产一区二区a毛片 | 欧美日韩一级片在线观看 | 国产综合久久 | 免费国产不卡午夜福在线 | 久草视屏| 在线视频观看一区 | 国产一区二区在线观看视频 | 青青自拍 | 日本不卡一二三 | 久久aaa| 永久免费毛片在线播放 | 国产精品国三级国产aⅴ | 亚洲欧美国产精品专区久久 | 日本免费一区二区三区毛片 | 亚洲国产天堂久久综合图区 | 日本综合久久 | 韩国免费网站成人 | 精品动漫一区二区 | 欧美久草视频 | 在线免费亚洲 | 亚洲精品色综合色在线观看 | 欧美日本在线三级视频 | 自拍视频第一页 | 99爱视频 | 九九久久精品 | 成人国产在线观看 | 午夜大片免费男女爽爽影院久久 | 国产小网站 | 国产麻豆福利a v在线播放 | 亚洲依依成人综合在线网址 | 一区二区三区网站在线免费线观看 | 亚洲三级黄| 狠狠色丁香婷婷综合久久来 | 精品视频一区二区三区免费 | 欧美激情毛片裸推荐 |