Latest News:  
Beijing   Cloudy    21 / 14   City Forecast

Home>>Photo

U.S. Senate passes controversial currency bill amid China's strong opposition

(Xinhua)

13:04, October 12, 2011

Capital Hill is seen in the picture taken in Washington D.C on Oct. 11, 2011. The U.S. Senate on Tuesday passed a controversial currency bill which threatens to punish China for so-called "currency manipulation" with retaliatory tariffs, despite strong opposition from China and many U.S. business groups. The bill, namely the Currency Exchange Rate Oversight Reform Act, is especially directed at China's currency, the yuan, which the U.S. claimed is undervalued to make Chinese exports to the U.S. cheaper. (Xinhua/Zhang Jun)
Email|Print|Comments(Editor:张茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Russian-China gas deal near, boosting relations: Putin

  2. Int'l Musical Instruments Exhibition kicks off in Shanghai

  3. China's WCup hopes hit after loss to Iraq

  4. People attend a parade during the Oktoberfest

Most Popular

Opinions

  1. Yuan appreciation nightmarish for US
  2. China, U.S. diplomats to discuss Taiwan, trade
  3. Taiwan willing to maintain status quo: Ma
  4. Why is Wall Street outrage spreading?
  5. Wall Street protests: U.S. version of Arab Spring?
  6. Be wary of financial risks in Europe
  7. Rich, poor divide at heart of Wall Street protests
  8. Is 3rd round of Quantitative Easing coming?
  9. Income divide causes fiscal crises in Europe, US
  10. China should have own ambitions

What's happening in China

Small donations make a meal for poor rural children

  1. 7 foreign women in 1 room deported over visas
  2. Controversy over 'heroic rescue'
  3. Luxury cruise ship sinks after launch
  4. Guangdong to use index to gauge happiness
  5. 14 hikers missing in mountains of Sichuan

PD Online Data

  1. Challenge to the traditional view of love and marriage
  2. House means happiness? Young Chinese' home-owning dream
  3. Fighting AIDS,China is acting
  4. Worldwide Confusius Institutes
  5. Chinese Qingming Festival