www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

  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.

Snow: Trade action against China won't work
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."



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  
   
  Related Stories  
   
China restates yuan to rise gradually
   
China c.bank advisor: Yuan to rise slowly
   
China reforms forex rate forming mechanism
   
Snow 'astonished' by changes in Shanghai
   
Snow: Punitive bills on China 'ill-conceived'
   
Snow says China moving to flexible yuan
   
Snow urges faster China reform
   
Snow: China should get credit for yuan moves
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 欧美成人a级在线视频 | 九九视频在线播放 | 天天澡夜夜澡狠狠澡 | 欧美激情国产一区在线不卡 | 久久久久久久久网站 | 亚洲午夜精品一区二区 | 免费观看欧美成人禁片 | 精品国产高清毛片 | 日韩精品一区二区三区视频 | 精品视频一区二区 | 久久影院yy6080 | 日韩精品一区二区三区视频网 | 久久网站在线观看 | 美女张开腿男人桶 | 黄a免费| 一级毛片私人影院老司机 | 香蕉视频黄色在线观看 | 黄色美女免费看 | 日韩美女视频在线观看 | 在线欧美自拍 | 成人久久18免费游戏网站 | 国产一级一级片 | 日本在线观看一级高清片 | 国产猛烈无遮掩视频免费网站男女 | 国产成人在线免费 | 亚洲aⅴ| 国产香蕉国产精品偷在线观看 | 欧美精品专区免费观看 | 欧美成人性做爰 | 日韩美女大全视频在线 | 亚洲国产成人综合 | 亚洲精品www | a免费视频 | 狼人总合狼人综合 | 91香蕉成人免费高清网站 | 精品国产看高清国产毛片 | 国产高清视频免费最新在线 | 91九色成人 | 日韩欧美视频一区二区三区 | 成在线人视频免费视频 | 国产91第一页 |