May 18,2007
Grassley on China's Move to Let Yuan Trade More Freely
Sen. Chuck Grassley, ranking member of the Committee on Finance, with jurisdiction over international trade, today made the following comment on the announcement by China’s central bank that it will let the yuan trade more freely.
“This is a positive step, but it’s too early to tell whether it’s substantive or just window dressing. China can and should move faster to allow market forces to determine its currency exchange rates. A wider trading band can facilitate that, but only if the Chinese government lets it happen. I intend to discuss this with the Chinese delegation coming to town next week.”
###
Next Article Previous Article
Recent News
- Wyden Statement on RFK Jr.’s Devastating Blow to New Cures
- Wyden Statement on Trump Action to Throw Kids and Their Families Off Medicaid and CHIP
- As Trump Downplays Epstein, Wyden Unveils Details of Treasury’s Undisclosed Epstein File
- Wyden, Bennet, Beyer Reintroduce Bicameral Bill to Overhaul Unemployment Insurance
- Wyden, Baldwin, Warren Tell Social Security: Stop Lying to Stroke Trump’s Ego