China’s trade surplus reached $177.5bn (£118.7bn) last year, 74 per cent higher than in 2005, a rise that will intensify pressure on Beijing further to open its markets and accelerate the revaluation of its currency...
There is mounting impatience in Washington, where members of the newly elected Congress are proposing legislative action.
Max Baucus, chairman of the Senate finance committee, is expected to introduce legislation to lower the burden of proof for China to be accused of “currency manipulation” by the US Treasury.
In the House of Representatives, Sander Levin, head of the trade subcommittee, will introduce a controversial bill to prompt the use of anti-subsidy laws against non-market economies such as China.
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2 comments:
http://www.atomfilms.com/film/haha_america.jsp?brand=filmmaker
"Everyone eats and drinks; yet only few appreciate the taste of food." Confucius
For a $20k suburban, I could forget.
Nerf
That is because they can't afford american-made products.
Mike
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