Friday, June 25, 2010

US Lawmakers Push Bill to Punish China on Currency


US Lawmakers Push Bill to Punish China on Currency

VOAvideo US lawmakers are pushing new legislation that would punish China, accusing Beijing of manipulating its currency to give the country an unfair edge in global trade. The latest charges come days after China pledged limited currency reforms to allow the yuan to appreciate slightly. But the US bill's sponsors say China's move is a cynical attempt to deflect criticism of its monetary policies ahead of the G20 meeting in Canada. Mil Arcega files a report.