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U.S. House speaker calls bill on Chinese currency "dangerous"

(Xinhua)

09:52, October 05, 2011

WASHINGTON, Oct. 4 (Xinhua) -- The U.S. Senate's vote to allow debate on a controversial bill on so-called "currency manipulation" by China is "pretty dangerous," House of Representatives Speaker John Boehner said on Tuesday.

"I think it's pretty dangerous to be moving legislation through the United States Congress forcing someone to deal with the value of their currency," Boehner told reporters.

The top Republican in Congress said "I'm not sure this is the way" to deal with the Chinese currency issue.

The U.S. Senate voted Monday to allow debate on a controversial bill designed to pressure China to allow its currency to rise in value.

China has expressed its strong opposition to the Senate vote, saying it "seriously violates rules of the World Trade Organization and obstructs China-U.S. trade ties."

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Leave your comment6 comments

  1. Name

PD User at 2011-10-0580.94.16.*
20-10-05.If somebody another way american only caution and threat needed to show their famous finger.China responsible create new finance world center.Many asian country have great depisit dollars bank's US.To withdraw dollar's with US.Need to blend new independente market trate-finances.China and Asia to power to be capable of to break WTO.Rather western idle chatter a globalization.
Sam Teng at 2011-10-05175.139.83.*
The US government has once again shown its high handedness in imposing its will on other countries. They blame other countries for their own problems. Instead of solving their own problems, they will use their power to force other countries to change in their power. The present currency bill is no exception. This is not only a violation of WTO rules but a gross interference in the freedom to operate by another nation. China should not accept such nonsense but should retaliate in whatever manner it can even if it is the US. It"s time to show the US that China is serious about the whole business. If the US chose to undertake unfair tactics, China can and will take similar steps.
Pan_Asian at 2011-10-05220.255.2.*
Chairman Mao"s proclamation speech of the New China that has stood up have been great.
PD User at 2011-10-05220.255.1.*
USA is like a spoilt child.Always crying.Always seeking attention.Always unreasonable.And as a child, not as bright as an adult.
helen at 2011-10-05141.0.8.*
As always, the White House, members of the US Senate and their House of representatives are taking turns to test, twist, tease, blackmail ..... and compel China to cave in to their insidious co-ordinated plans. This has always been their vile game to gain an upper hand in negotiations.The tactics ensure that the United States will achieve their common end results.Will China fall for it?The first duty of Chinese leaders is to look after the interests, economic well-being and security of China and the Chinese people. Anything short of that is a betrayal and sell-out!And both can play the game .......
  

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