US will act if China does not revalue yuan-lawmaker
Mon Apr 19, 2010 2:06pm EDT
WASHINGTON, April 19 (Reuters) - A U.S. House of Representatives committee chairman on Monday warned the United States will take action if China does not begin steps in coming months to raise the value of its currency.
[/b[b]]<-----well dont get in any hurry
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"The G20 are meeting in a couple of months. It's clear to me the (Obama) administration is endeavoring to try to bring about a change" in China's currency, Ways and Means Committee Chairman Sander Levin said at the National Press Club.
"They're going to try to use a multilateral process to help bring that about. If it doesn't work, the U.S. will act. I have no doubt about it. I think the administration will act and I think the Congress will act," the Michigan Democrat said.
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Mon Apr 19, 2010 2:06pm EDT
WASHINGTON, April 19 (Reuters) - A U.S. House of Representatives committee chairman on Monday warned the United States will take action if China does not begin steps in coming months to raise the value of its currency.
[/b[b]]<-----well dont get in any hurry
Global Markets
"The G20 are meeting in a couple of months. It's clear to me the (Obama) administration is endeavoring to try to bring about a change" in China's currency, Ways and Means Committee Chairman Sander Levin said at the National Press Club.
"They're going to try to use a multilateral process to help bring that about. If it doesn't work, the U.S. will act. I have no doubt about it. I think the administration will act and I think the Congress will act," the Michigan Democrat said.
Global Markets