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

US Senate passes yuan bill amid China's opposition

Updated: 2011-10-12 07:47

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

WASHINGTON - The US Senate on Tuesday passed a controversial currency bill which threatens to punish China for so-called "currency manipulation" with retaliatory tariffs, despite strong opposition from China and many US business groups.

The Currency Exchange Rate Oversight Reform Act, sponsored by Senators Charles Schumer, Sherrod Brown and other Democratic and Republican Senators, was passed in a vote of 63-35 at the Senate. The bill is especially directed at China's currency, the yuan, which the US claimed is undervalued to make Chinese exports to the US cheaper.

With alleged goals of reducing trade imbalance between the two countries and creating more jobs at home, the US Senate bill aims to make it easier for the US government to designate China as a "currency manipulator" and slap retaliatory tariffs on goods imported from China.

But the prospects of the bill becoming law remains in doubt, as it still has to clear the House of Representatives and then be signed by US President Barack Obama before becoming law. Both Obama and House Speaker John Boehner have expressed their reservations about the legislation.

Obama told a White House news conference last Thursday that his main concern about the Senate bill is that it may not be consistent with international treaties and obligations, and will not be upheld by the World Trade Organization.

Boehner also made it clear last week that it is "pretty dangerous to be moving legislation through the United States Congress forcing someone to deal with the value of their currency. "

The US Senate's move came at a time when the US unemployment is hovering above 9 percent and both the Democratic and Republican parties are gearing up for next year's presidential election, which is expected to be dominated by the unemployment and other economic issues.

US companies doing business in China are also opposed to the Senate's passing of the bill. In a letter sent in late September to Senate leaders, 51 US business and industry organizations, including American Association of Exporters and Importers, American Chamber of Commerce in China, and Agriculture Transportation, warned that "unilateral legislation on this issue would be counterproductive not only to the goals related to China' s exchange rate that we all share, but also to our nation's broader objectives of addressing the many and growing challenges that we face in China."

Arguing that the yuan's exchange rate is not the cause of China- US trade imbalance, China has voiced its strong opposition to the US Senate's passing of the bill, warning the US politicians against politicizing the issue of China's currency and resorting to trade protectionism. ?

China's Vice Foreign Minister Cui Tiankai on Monday warned that the bill could trigger a trade war and hold back global economic recovery. "(The currency bill) in no way represents the reality of the economic and trade relationship between China and the United States, and it might have an adverse impact on the development of the relations between the two countries," he said.

"Should the proposed legislation become law, the only result would be a trade war between China and the US and that would be a lose-lose situation for both sides," Cui added.

主站蜘蛛池模板: 亚洲欧美日韩精品永久在线 | 欧美午夜a级精美理论片 | 美女黄色在线 | 三级网站免费观看 | 国产亚洲精品自在线观看 | 国外成人在线视频 | 亚洲一区欧美一区 | 欧洲成人全免费视频网站 | 欧美三级网站在线观看 | 男人天堂视频在线 | 日韩久操| 美女黄网站人色视频免费国产 | 国产成人午夜性视频影院 | 狼人青草久久网尹人 | 免费一级淫片aaa片毛片a级 | 曰本女同互慰高清在线观看 | 国产男人的天堂 | 免费在线成人网 | 国产成a人亚洲精v品久久网 | 欧美国产综合视频 | 亚洲午夜精品一级在线播放放 | 男女在线免费视频 | 18videosex性欧美69 | 欧美一区二区三区国产精品 | 国产一区二区三区四区五区 | 日产一区二区三区四区 | 日韩久操 | 日韩一级大片 | 欧美一级毛片在线看视频 | 亚洲三级理论 | 202z欧美成人 | 污全彩肉肉无遮挡彩色 | cao在线观看| 欧美顶级毛片在线播放 | 性盈盈影院影院67194 | 久久久久依人综合影院 | 中文字幕乱码在线观看 | 亚洲成人自拍 | 另类专区另类专区亚洲 | 亚洲美女综合网 | 男人一进一出桶女人视频 |