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Wednesday, October 5, 2011

Blog2010ray2: White House expresses 'concerns' on China bill - Y...

Blog2010ray2: White House expresses 'concerns' on China bill - Y...: White House expresses 'concerns' on China bill - Yahoo! Singapore Finance
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  1. RAYLOKEOctober 5, 2011 at 12:27 PM

    Lawmakers of both major US parties charge that China keeps the yuan unfairly low against the dollar, giving its goods as much as a 30 percent edge over comparable US products.

    Carney said that the White House shared the view that China's currency needed to appreciate to what Washington says is a fairer value and agreed American workers needed a "level playing field."

    "It is also the case that aspects of this legislation do, however, raise concerns about consistency with our international obligations, and we are in the process of discussing those issues with members of Congress.

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