According to Reuters, U.S. Senate Majority Leader Harry Reid said Tuesday that china has pledged to let the yuan against the U.S. dollar appreciation. Reed led the U.S. Senate delegation in April to visit Hua Hougang back to the United States.
Senate Democrats a statement issued by the leading group, said many Chinese officials confirmed that China will let its currency appreciate to a managed, and access to representatives called for the pace of appreciation should be more positive.
statement This is an important step, because the exchange rate of China's exchange rate policy has led to an imbalance, so that the cost of Chinese products are not naturally low, and the cost of U.S. exports to China highly unfair.
4 16 to 25, the U.S. Senate delegation was invited to visit China. Delegation was led by Senate Majority Leader Harry Reid led, including Dick Durbin, Barbara Boxer, Charles Schumer, Frank Lautenberg, , Michael Bennett, the Democratic Party and other six Senator, there are three Republican Senator Richard Shelby, Maike En Qi and John Niyi Saxony, visited Hong Kong, Macau, Beijing, Chengdu, Xi'an five cities.
U.S. Treasury Department on April 25 that the United States and China plan to May 9 to 10 summit in Washington.
U.S. Treasury Long Geithner (Timothy Geithner) and U.S. Secretary of State Hillary Clinton (Hillary Clinton) will chair the meeting. China, Chinese Vice Premier Wang Qishan and State Councilor Dai will represent China.
market expected, the exchange rate and debt issues will be the focus of this dialogue. The United States will continue to push China to allow further appreciation of the renminbi; while China is the huge U.S. deficit continues felt increasingly worried.
from China Foreign Exchange Trade Center's latest data show that on April 27 reported central parity rate of RMB 6.5096 to the dollar, setting a record high since the exchange rate reform.
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