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发表于 2012-2-22 15:16:36
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As the U.S. Congress moved a step closer to punishing China for allegedly manipulating its currency, economists told Xinhua that the bill, even if it became law, would not aid the US economy. "At best, it will have little impact on job creation in the U.S., but it will make some Congressmen feel better while encouraging retaliation from China, which is good for no one," said Robert hangzhou escort Lawrence Kuhn, an international investment banker and corporate strategist, and author of the book "How China's Leaders Think."
However, some U.S. lawmakers are preaching the "benefits" of the bill which would allow the U.S. Commerce Department hangzhou massage to use estimates of how much China undervalues its currency to calculate and slap countervailing and anti-dumping duties on imports from China and other countries.
If China allowed its currency, the RMB, to appreciate sharply, "it could create a million U.S. manufacturing jobs and cut our trade deficit with China by 100 billion U.S. dollars a year," Nancy Pelosi, the House Speaker, said earlier this week.
"This estimate is certainly misleading, because even if the trade deficit shenzhen escort with China would be improved by this amount, the U.S. would have to have an almost corresponding increase in trade deficits with other countries, assuming no difference in U.S. standard of living," said Kuhn.
"Pelosi's shenzhen massage statement is simply untrue, as is shown by the economic facts and would be seen if the U.S. impose tariffs on China," said John Ross, a visiting professor at Antai College of Economics and Management, Shanghai Jiaotong University.
The U.S. had stopped making most of the goods it imported from China, neither was it able to make them so competitively, said Ross, former director of economic and business policy for mayor of London Ken Livingstone from 2000 to 2008. |
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