The Speaker Of The US Chamber Of Commerce Further Approved The Case Of China Related Exchange Rate &Nbsp; Early Warning Of Serious Trade War Risks.

The eastern time of the United States on the afternoon of October 12th (Beijing time on the morning of October 13th), the U.S. Senate voted through the Chinese exchange rate bill to be resolved by the house of Representatives, speaker of the house of Representatives, Republican Boehner again declared opposition, saying that the bill may bring extremely serious. trade war Risk means that Congress should not interfere.

Boehner said on Wednesday that in the light of global market volatility and uncertainty in the world economy, such actions at such a time would create an extremely serious trade war risk, causing no consequences. Boehner admitted that he was concerned about the issue of RMB exchange rate, but thought that Congress should not interfere in this issue.

The Democratic led Senate passed the China related exchange rate bill by 63 votes to 35 on Tuesday. The bill is designed to impose sanctions on the grounds of so-called China's lowering of the RMB exchange rate and help us businesses to ease the Sino US exchange rate. Trade Out-off-balance.

According to the procedure, this bill will be sent to the house of Representatives. Boehner's opposition may stop the bill before the debate in the house of Representatives, but Democratic Senator Schumer and other members are pressing Boehner, hoping that the house will vote.

As the initiator of the China exchange rate act, Schumer pointed out that the pressure of the house of Representatives would be great. Many members from the central and western parts of the South tended to pass this bill. Schumer once made a sensational "Schume Graham bill" with Republican Senator Graham in 2006, demanding pressure on RMB appreciation.

However, the US business community is also worried about the case involving China's exchange rate or the detonation of trade war between China and the United States, which hurts American enterprises in China. The chamber of Commerce, which has already declared its opposition, has Business Roundtable and U.S. Chamber of Commerce.

The Republican leader of the house of Representatives, Cantor, urged the Obama administration to make a clear statement. The Obama administration was ambiguous about the China related exchange rate bill. On the one hand, Obama criticized the RMB exchange rate system for betting on the global trading system. On the one hand, he also confessed that he worried that Congress would be inconsistent with the WTO regulations so that American enterprises could be affected. punish 。

According to the Economist magazine, the US Congress acted instead of doing the work of the world trade organization. China's Ministry of foreign affairs, the Ministry of Commerce and the people's Bank of China have made a solemn stand. The Ministry of Foreign Affairs spokesman stressed that the motion violated the WTO rules seriously and hurt bilateral economic and trade cooperation. China firmly opposes this.

In fact, in the past six years, the central parity of RMB against the US dollar has appreciated more than 30%.