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
       
 

Snow: China can move faster on currency
(Reuters)
Updated: 2005-11-05 08:51

US Treasury Secretary John Snow on Friday said China was in a position where it could move more swiftly toward greater currency flexibility.

"I think that China remains committed to greater flexibility in their currency and opening of their financial markets," Snow said in an interview with CNBC. "It's an irreversible course and we think they're now in a position to move even faster."

"We're urging them to move faster" toward greater currency flexibility, Snow added. "I think they know it's in their own interest to continue on this path and even accelerate it."

U.S. manufacturers and many lawmakers have long complained an undervalued yuan currency was giving China an unfair trade advantage in global markets.

In July, China dropped a long-standing policy of pegging the yuan to the dollar, revalued it by 2.1 percent, and adopted a managed float with reference to a basket of currencies. Since that move, however, the yuan has appreciated only a further 0.3 percent, disappointing U.S. lawmakers.

In an interview with Bloomberg Television, Snow said there was a good deal of momentum on legislation in Congress that would slap hefty tariffs on Chinese exports to the United States, but that was not the right approach.

"There is strong feeling running in the Congress that China needs to move on the trade issues, on intellectual property rights, on counterfeiting, and on the currency, and that legislation certainly has some momentum to it," he said.

But he added: "I don't think it's particularly good legislation, I think it points the wrong way."

Snow and Federal Reserve Chairman Alan Greenspan on Wednesday met with the two lawmakers who have sponsored the legislation -- Democratic Sen. Charles Schumer of New York and Republican Sen. Lindsey Graham of South Carolina.

Schumer and Graham unexpectedly won a procedural vote on the bill early this year by a tally of 67-33, but they agreed to pull it from consideration after a late-June meeting with Snow and Greenspan convinced them China was about to act.

It is not clear if the latest meeting would similarly lead them to hold off pressing for a vote. "We'll see," Schumer told Reuters on Thursday. "We'll see if there's progress."

President George W. Bush is scheduled to travel to China in the middle of the month.

In the CNBC interview, Snow reiterated the U.S. policy line on currencies, saying foreign-exchange rates are best set in open, competitive financial markets.

Asked about a report released earlier on Friday that showed U.S. employers added only 56,000 workers to their payrolls last month, Snow told CNBC it was "pretty good" in light of high energy prices and the damage wrought by recent hurricanes.

"I think this is pretty good performance under the circumstances and I think ... it shows the American economy is capable of taking a blow and bouncing back and that the fundamentals are strong."



Hu meets Russian PM
Public servant recuiting examination
Parachuting from TV tower in Beijing
  Today's Top News     Top China News
 

Full steam ahead for Sino-Russian partnership

 

   
 

PLA cooks up new menus to beef up soldiers

 

   
 

EU urged to scrap arms embargo

 

   
 

Outbreak kills 9,000 chickens in Liaoning

 

   
 

China, Australia discuss free trade agreement

 

   
 

Summit protests turn violent in Argentina

 

   
  China urges EU to 'trash' arms embargo
   
  China to push for Olympic mascot products
   
  Taipei ready to discuss air charters with Beijing
   
  China, Vietnam report new bird flu cases
   
  New bird flu outbreak confirmed in Liaoning
   
  China plans 2007 space mission
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  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: 黄色网在线 | 欧美一区二区三区四区五区 | 蜜臀久久99精品久久久久宅男 | 日韩精品国产精品 | 日日日操操操 | 中文字幕第一区综合 | 综合久久99 | 国产一区二区三区久久 | 日韩在线欧美 | 男男成人高潮片免费网站 | 成人香蕉网 | 久久精品一区二区国产 | 日日爽天天 | 91在线观看免费视频 | 亚洲人高潮女人毛茸茸 | 久久久久久久久久久久久久 | 天天操夜夜骑 | 日本免费不卡视频 | 午夜在线影院 | 欧美啪啪网站 | 精品日韩一区二区三区 | 黄色小视频免费看 | 免费毛片网 | 青青久操| 中文字幕第三页 | 精品一区二区三区在线观看 | 婷婷一区二区三区 | 欧美日韩在线看 | 久久免费看视频 | 国产一级在线 | 97精品国产露脸对白 | 免费一区二区三区 | 国产1级片 | 成人精品三级av在线看 | 高清一级片 | 亚洲第一免费视频 | 午夜大片 | 日韩毛片免费看 | 国产又粗又长又爽 | 欧美日韩成人在线观看 | 欧美日韩一区二区在线 |