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Leading U.S. Business Groups Strongly Against Chinese Currency Bill
Date: 9/15/2010
Written By: Xinhua

Excerpt: A group of leading U.S. business organizations on Tuesday urged the exclusion of a bill to pressure China to revalue its currency. "We strongly oppose legislation that would allow the use of either the antidumping or countervailing duty law to address currency concerns," the group of top U.S. business agencies said in a joint letter. The letter, signed by 36 business and farm groups, including the American Chamber of Commerce in China, the Business Roundtable, the National Foreign Trade Council and the Coalition of Service Industries, was addressed to the House of Representatives Ways and Means Committee Chairman Sander Levin, whose panel is to hold two days of hearings this week on the issue of Chinese currency, or yuan.