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Commerce Department: U.S. Senate bill rate of serious violat

Commerce Department: U.S. Senate bill rate of serious violations of international rules

11 U.S. Senate passed the "2011 Oversight Reform Act of currency exchange rates," Commerce Ministry spokesman Shen Danyang, 12, issued a statement that the recovery in the global economy facing a severe test of the critical moment, the United States Senate to promote legislation to [url=[url removed, login to view]]hulunbuir gifts[/url] force trading partners to currency appreciation, is tantamount to issuing the wrong signal of trade protectionism upgrade. This is a serious violation of international rules, not only threatens the stable development of Sino-US economic and trade relations, but also to jointly cope with challenges in the world, runs counter to efforts to oppose trade protectionism, China is firmly opposed.

The main contents of the bill is to require the U.S. government on the so-called "exchange rate is undervalued," the major trading partners impose punitive tariffs. The bill approved in the Senate, but also by the U.S. House of Representatives passed only after President Obama signed into law. Shen Danyang stressed that China has always maintained the two sides to strengthen communication, common to take positive measures to develop Sino-US economic and trade cooperation. Once the U.S. related to motion into law, will inevitably lead to serious damage to Sino-US economic and trade relations, which is the Chinese do not want to see. Hope that the U.S. ponder discernment, objective and rational treatment of the exchange rate, make the right choice.

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