US House to pass legislation to allow flexible yuan

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US House to pass legislation to allow flexible yuan

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09-29-2010, 11:37 PM

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US House to pass legislation to allow flexible yuan

The pressure on China to allow a flexible yuan is increasing after the US House of Representatives is ready to pass a bill, which will allow it to impose retaliatory tariffs when another nation is found to be manipulating its currency’s value. The US has previously expressed dissatisfaction that China is keeping the value of [...]

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