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, Schumer, Warren Sound Alarm Over Trump Weaponization of the IRS Against the Free Speech Rights of Trump Opponents
- Finance Democrats Call for Halt to Unlawful Nomination of March Bell to be Health Care Inspector General
- Wyden, Welch, Cortez Masto Introduce Bill to Block Republicans’ Big Pharma Bailout, Protect Access to Life-Saving Prescription Drugs
- New CBO Report: Trump's Big Ugly Bill Includes $8.8 Billion Handout for Pharmaceutical Companies
- With JPMorgan Chase Dodging Epstein Inquiry, Wyden Investigation Drills Down On Bank Executives’ Unexplained Conduct