China pushes US parliament not to implement protectionism against China

China Foreign Affairs Ministry spokesman Jiang Yu said on 28th in Beijing

, China pushes related US parliament members to realize the importance of Sino-US economy and trade relationship, never looking for excuse to implement trade protectionism against China to avoid harming the overall situation of Sino-US economy and trade relationship. Currently, some US parliament members are peddling a bill of implementing punitive measure to Chinese products on the ground of RMB exchange rate. Jiang Yu makes above representation when she answered the related questions of reporter. She emphasized, maintaining the stable development of Sino-US economy and trade relationship conform to the common benefit of China and US. American parliament member forces RMB revaluating, US enterprise worry about the prospect of Sino-US trade American enterprises invested in China expressed on 27th, if US parliament passes a bill aim at forcing China to revaluate RMB, it will further harm Sino-US trade relationship. With the parliament selection day of 2nd November is coming, some American parliament members are urgent to display them imposing pressure against China to help decrease the high unemployment rate in American. These parliament members think, Chinese "unfair" trade policy lead to US employment missing. US Parliament is thinking about legislation to identify China undervalue RMB exchange rate so called by parts of parliament members as export subsides. This will add the possibility of imposing more tariff duties by US Commercial Ministry. Last may, American democrat Tim Ryan put out the so-called exchange rate reform promoting fair trade act. The bill is to modify U.S. trade rule, to give the greater right of America business department, access to specific conditions in the so-called "undervalued currencies" as an export subsidies, then to levy anti-subsidy of the relevant goods imported from other countries. Recently, some American congressmen and business organizations as the reason that China since June announced the implementation of new exchange rate reform that to RMB appreciation is too small, gather 133 Congressman to ask congress to vote the bill. In this context, the house of representatives raise funds committee held the hearing and proceed the vote. Former US trade officer, the member of Shanghai US Chamber of Commerce delegation of visiting America Tim Strafford said, "If we take above actions, Sino-US trade helical declining trend will continue. Shanghai US Chamber of Commerce claimed itself is "the voice of the US enterprises in China", its council members include the top management of the Chinese subsidiary company of National City Bank of New York, Federal Express, Goodyear Tire and GM and so on. (supply wholesale products to wholesale dropship company) US House Ways and Means Committee passed a RMB exchange rate bill on last Friday. US media claimed, House of Representative will conduct all voting on this Wednesday in the earliest, maybe it will gain the support by the two parties. But this bill may not to be a law because the Senate will not take actions on this. buy wholesale from china wholesale online store

China pushes US parliament not to implement protectionism against China

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