| Submit your comments on this article |
| China-Japan-Koreas |
| China warns of trade war if U.S. bill passes |
| 2011-10-04 |
| An angry China warned Washington on Tuesday that passage of a bill aimed at forcing Beijing to let its currency rise could lead to a trade war between the world's top two economies. China's central bank and the ministries of commerce and foreign affairs accused Washington of "politicising" currency issues and putting the global economy at risk after U.S. senators voted on Monday to start a week of debate on the bill. The response suggested China sees a greater risk from the proposed bill than it has in the past when U.S. lawmakers attempted to put forward similar legislation to speed up the pace of appreciation in the yuan, or renminbi. |
| Posted by:tipper |
| #5 Abandoned American factories would have to start up again! Won't happen overnight, particularly with a labor population that instead of dad's or granddad's era when a 9th grade drop out had reading and writing skills that today's population hasn't attained with a high school graduation certificate. |
| Posted by: Procopius2k 2011-10-04 21:58 |
| #4 There indeed is more than meets the eye. There are better ways to go about getting China to stop manipulating it's currency, but the system will flush it out eventually on it's own. |
| Posted by: newc 2011-10-04 17:56 |
| #3 There's way more to this issue than meets the eye. |
| Posted by: Anguper Hupomosing9418 2011-10-04 16:00 |
| #2 OMG, Walmart and the Dollar Store would have to shut down! Abandoned American factories would have to start up again! We'd have to make our own textiles, shoes and furniture (I'm talkin' to you, Costco) again. The horror! |
| Posted by: Pollyandrew 2011-10-04 15:57 |
| #1 You tease me, Chin. |
| Posted by: Eohippus Phater7165 2011-10-04 11:59 |