China's currency manipulation hurts U.S. trade deficit, panel says

11/18/2010 | CNNMoney · Reuters

China has manipulated its currency and imposed exclusionary trade policy, contributing to a huge U.S. trade deficit with the nation, the U.S.-China Economic and Security Review Commission said in a draft of its report to Congress. The panel said Congress should encourage the Obama administration to pressure China to rebalance global trade and stimulate domestic consumption. The U.S. should consider unilaterally labeling China a currency manipulator, according to the report.

View Full Article in:

CNNMoney · Reuters

Published in Brief: