Posted on 10/04/2011 10:28:01 AM PDT by edpc
BEIJING (AP) — China stepped up its criticism Tuesday of a proposed U.S. law to punish countries with artificially low currencies, saying there would be serious repercussions for the world's two biggest economies if it is passed.
The criticism comes after U.S. senators voted Monday to open a week of debate on the bill that would allow the government to impose additional duties on products from countries that subsidize exports by undervaluing their currencies.
(Excerpt) Read more at news.yahoo.com ...
It’s truly sad that the Chinese government appears to be far, far, far more adept at money management than do our congresscritters.
Any way we can send them to China to experience Great Leap Forward II (administered ONLY to our congresscritters)?
Of course, we won’t count the number of critters going over, and those coming back.
Where the Chicoms ever people we wanted to have as best friends?
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