Home Business China International Culture��Edu Sci��Tech Sports Life Travel P
hotos
��Search
China Observer
�� China's wish list
�� Culture of romantic dates stimulates HK economy
�� Survey of Beijing's rich residents
Photos
�� Miss Bikinis in Guangzhou
�� Boy's focus
�� Swim Shows Miami
��Home>>Business
Greenspan opposes tariffs on Chinese imports
www.chinanews.cn 2005-07-21 09:33:22
(Source: CRIENGLISH.com)
July 21 - US Federal Reserve (Fed) Chairman Alan Greenspan has said that
he will not endorse a significant increase in tariffs on imports from
China as a way to force China to change its currency policy.
Greenspan made the remarks when testifying before the Financial Services
Committee of the US House of Representatives. He said that he would not
be in favor of a significant "punitive" tariff, largely because he
doesn't think it would significantly improve jobs and manufacturing in
the United States.
Greenspan also said that he believes "it's in China's interest" to let
its currency rise against the US dollar.
There are complaints from US manufacturers that China's currency system
has hurt their exports to China and some US lawmakers have proposed
legislation that would raise tariffs on Chinese imports by 27.5 percent
if China does not change the system within two years.
Greenspan has said for several times that there is no credible evidence
that US manufacturing activity or US factory jobs would be helped by
China's revamping its currency system.
��Wu Yi rebuts US textile import limit (2005-06-14)
Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service
Learn Chinese, Chinese Online Class, Learning Materials, Mandarin audio lessons, Chinese writing lessons, Chinese vocabulary lists, About chinese characters, News in Chinese, Go to China, Travel to China, Study in China, Teach in China, Dictionaries, Learn Chinese Painting, Your name in Chinese, Chinese calligraphy, Chinese songs, Chinese proverbs, Chinese poetry, Chinese tattoo, Beijing 2008 Olympics, Mandarin Phrasebook, Chinese editor, Pinyin editor, China Travel, Travel to Beijing, Travel to Tibet
