Congress Mulls China's Currency Policy As Trade Issue

Law360, New York (November 4, 2009, 4:21 PM EST) -- China's practice of understating the value of its currency is a contentious subject with deep political, economic and trade implications.

Some experts say that issues of currency are best left up to the White House and the U.S. Department of the Treasury, but with top officials so far declining to take definitive action on exchange rates, other players have looked for new ways to apply pressure on China.

The U.S. Department of Commerce has historically refused to include allegations of currency manipulation in investigations of unfair...
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