US Congress will take actions if China fails to raise the value of Yuan!

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US Congress will take actions if China fails to raise the value of Yuan!
Jun 17, 2010 04:44
JIMMYB Points: Join Date: Feb 7, 2007 Status: offline	According to Sander Levin, House Ways and Means Committee Chairman, US Congress will act if China doesn’t raise the value of Yuan. He said that the US and the international community had run out their patience. It is said that Obama will force China to appreciate the Yuan at the G 20 meeting at the end of this month.

Jun 18, 2010 04:51	#1
BAKUI Points: Join Date: Jun 10, 2010 Status: Offline	Seems US government likes to in charge of everything. It is none of their business whether china will raise the value of Yuan. Economic and polotical stuff, always complicated.

Jun 19, 2010 00:44

GLOOMYSUNDAY
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Join Date: Jul 23, 2008
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Quote:

Originally Posted by JIMMYB

According to Sander Levin, House Ways and Means Committee Chairman, US Congress will act if China doesn’t raise the value of Yuan. He said that the US and the international community had run out their patience.

It is said that Obama will force China to appreciate the Yuan at the G 20 meeting at the end of this month.

Jimmyb,by no means of force, they would handle it in the dark instead.

Jun 26, 2010 22:12

JIMMYB
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Join Date: Feb 7, 2007
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Quote:

Originally Posted by BAKUI

Seems US government likes to in charge of everything. It is none of their business whether china will raise the value of Yuan.
Economic and polotical stuff, always complicated.

It is not busniness but they will gain benefits from RMB appreciation. See, China owns a large amount of US national debts. If the RMB appreciates greatly, the value of US national debts will decrease.

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