在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  Home>News Center>China
       
 

US: China abides by currency law
(Agencies)
Updated: 2004-12-04 09:52

The Bush administration said Friday that neither China nor any other major trading partner of the United States is violating a US law against currency manipulation to gain unfair trade advantages.

The finding — consistent with a determination last year — was contained in an annual report to Congress.

A 1988 law requires the Treasury Department to analyze countries' exchange rate policies and determine whether such manipulation is occurring.

The law has economic sanctions that can be imposed on countries found in violation.

In its report, the department said that "no major trading partner of the United States met the technical requirements" laid out in the 1988 law.

The Bush administration has been pressing Beijing to let the yuan be set in open markets. U.S. manufacturers claim China's currency policies has led the yuan to be undervalued by alleged 40 percent, giving Chinese companies a big competitive advantage.

America's politically sensitive trade deficit with China hit a record $15.5 billion in September, the most recent period for which the information is available.

The administration last month rejected a request from 30 members of Congress that it bring a World Trade Organization case against China because of its currency practices.

Administration officials believed pursuing such a case would undermine the administration's diplomatic efforts to get China to change its currency policies.

Friday's report echoed the administration's belief that a system of flexible, market-based exchange rates is best for the United States' major trading partners.

On China, specifically, the report said: "The U.S. government will pursue persistently and firmly its approach to promote economic, financial and market reforms in China and assist China to move as soon as possible to a flexible exchange rate."

Separately, the U.S. dollar fell to another new low against the euro Friday.

Although the Bush administration publicly espouses a "strong dollar" policy, officials haven't taken specific action to stem the dollar's decline.

The sliding dollar helps U.S. exporters by making their goods cheaper to foreign buyers.

That's why private economists believe the administration is privately OK with what so far has been a relatively orderly decline of the U.S. dollar.

The currency report was due to Congress in October — before the elections — but was delayed as has happened a number of times in the past.



 
  Today's Top News     Top China News
 

Chinese bodyguards face legal quagmire

 

   
 

US: China abides by currency law

 

   
 

China to bail out 2 more state banks

 

   
 

EU urged to lift arms sales ban at early date

 

   
 

Economy expected to grow stably in 2005

 

   
 

Rescue resume at China landslide, 23 dead

 

   
  Rescue resume at China landslide, 23 dead
   
  China to force small mines to merge
   
  No decision yet on Beijing-Shanghai maglev use
   
  US: China abides by currency law
   
  China will stick to socialist road: President
   
  China to bail out 2 more state banks
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Foreign currency savings shrink
   
US calm despite dollar's woes
   
China to discuss currency policy with G-7 nations
   
Authorities to punish currency speculation
   
HK's foreign currency reserves hit US$122b
   
Foreign currency savings drop faster
   
S&P raises foreign currency ratings on China to BBB+
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 人人干人人爽 | 中文字幕免费观看 | 日韩成人av在线 | 国产香蕉av | 日韩大片在线观看 | 在线观看一区 | 亚洲精品一区二区三区在线 | 四虎在线免费观看视频 | 国产免费无遮挡 | 国产黄色在线观看 | 深夜福利视频网站 | 神马香蕉久久 | 欧美 日韩 国产 成人 在线 | 国产又粗又黄又爽又硬的视频 | 黄色www.| 日韩精品免费观看 | 日韩特级| 国产成人免费在线视频 | www.操| 国产精品毛片va一区二区三区 | 日韩中文字幕免费 | 亚洲免费黄色 | 麻豆国产91在线播放 | 成人午夜视频在线观看 | 在线观看欧美日韩视频 | 欧美一级片免费看 | av毛片在线看 | 精品少妇v888av | 国产在线中文字幕 | 人人草在线视频 | 欧美顶级黄色大片免费 | 欧美另类激情 | 天天干天天草 | 国产理论视频 | 在线观看国产黄色 | 中文字幕在线观看免费视频 | 久草视频免费看 | 成人午夜小视频 | 中文字幕的 | 黄色av免费| 国产成人在线观看免费网站 |