Economics
U.S. House Panel to Hold September Hearing on Yuan, Levin Says
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The U.S. House Ways and Means Committee will examine whether there has been a “major trend” in the value of China’s currency before deciding whether Congress should impose trade sanctions, panel Chairman Sander Levin said.
The Michigan Democrat told reporters today the September hearing may help determine whether legislation to authorize trade sanctions is needed to push China to let the renminbi rise in value.