US Lawmakers Revive China Currency Bill |
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Februrary 11, 2011
A group of US lawmakers have reintroduced legislation to punish China for holding down its currency, a bill likely to encounter stiff resistance in the House of Representatives.
A group of US lawmakers have reintroduced legislation to punish China for holding down its currency, a bill likely to encounter stiff resistance in the House of Representatives.
Thursday's move came as the US Treasury's senior international official said that Beijing had showed promising but so far insufficient progress in allowing the renminbi to rise.
The issue of currencies and current account imbalances is likely to dominate next week's meeting of Group of 20 finance ministers and central bank governors in Paris, the first big meeting held under France's 2011 presidency of the grouping.
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