(Bloomberg) -- U.S. lawmakers faulted the Bush
administration's failure to label China a currency manipulator
and proposed legislation to make it easier to rule against
countries that meddle with their exchange rates.
``Although evidence gathered by the Treasury Department
clearly supports this conclusion, Treasury has regrettably
declined to label China a currency manipulator,'' Senator
Richard Shelby of Alabama, the top Republican on the Senate
Banking Committee, said in a statement yesterday with Senator
Christopher Dodd, a Connecticut Democrat who chairs the panel.
Read more at Bloomberg Emerging Markets News
administration's failure to label China a currency manipulator
and proposed legislation to make it easier to rule against
countries that meddle with their exchange rates.
``Although evidence gathered by the Treasury Department
clearly supports this conclusion, Treasury has regrettably
declined to label China a currency manipulator,'' Senator
Richard Shelby of Alabama, the top Republican on the Senate
Banking Committee, said in a statement yesterday with Senator
Christopher Dodd, a Connecticut Democrat who chairs the panel.
Read more at Bloomberg Emerging Markets News
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