US Should Address China Currency, Military: Report

Law360, New York (November 18, 2010, 6:27 PM EST) -- A legislative advisory panel has called on Congress to pressure the executive branch to address a range of issues involving U.S. relations with China, including the country's undervaluation of its currency and improved military capabilities.

In a annual report released Wednesday, the U.S.-China Economic and Security Review Commission told lawmakers to urge the Obama administration to respond to China’s “substantially undervalued” renminbi by working with trading partners and pursuing enforcement actions through international bodies like the World Trade Organization.

Citing the United States’ $173 billion trade...
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