www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News HK Red Cross worker shot and injured in Aceh, Indonesia     Royal Malaysian Air Force (RMAF) fighter jet crashes     Australian Deputy Prime Minister announces resignation     CNOOC Ltd. to bid 67 US dollars a share for Unocal     Qurei says Abbas-Sharon summit does not meet expectations    5 killed in train-truck collision in Israel    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
RSS  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Source Manufacturers and Suppliers from China and around the world
   News Photos Voice People BizChina Feature About us   
Greenspan, Snow warn against China sanctions
www.chinaview.cn 2005-06-24 09:30:39

    BEIJING, June 24 -- Senior US officials have warned that imposing punitive trade sanctions against China won't protect U.S. jobs.

    US Federal Reserve Chairman Alan Greenspan and Treasury Secretary John Snow have warned that imposing punitive trade sanctions against China may slow the drive to persuade China to adopt a more flexible currency and won't protect U.S. jobs.

    Greenspan said that a policy to dismantle the global trading system is in a misguided effort to protect jobs from competition and would redound to the eventual detriment of all U.S. job-seekers, as well as millions of American consumers.

    Both agreed that it would be futile to try to force Beijing to do so through trade sanctions.

    Snow said financial diplomacy was working and that China could and should adopt a more flexible currency, which would have the effect of making its imports more expensive relatively for U.S. consumers.

    He added that any of the punitive legislative proposals before Congress now would be counterproductive at this time.

    (Source: CRIENGLISH.com)

  Related Story
Terminator beauty: Christanna Loken
S.Korea, DPRK agree to enhance ties
Jet Li hurts in accident
- Greenspan, Snow warn against China sanctions
- Tense ties focus of China-Japan talks
- Floods claim 536 lives in China
- China image scores better than US: poll
- S.Korea, DPRK agree to enhance ties
- Foot-and-mouth disease reported in Xinjiang
- Blair: EU must modernize or face failure
- Shanghai issues alert on milk beverage
- Blair: EU must modernize or face failure
- Israel presents detailed pullout maps
- Over 100 Taliban killed in south Afghanistan
- DPRK demands US drop nuclear threat first
- 20 Iraqis killed, 50 injured in Baghdad blasks
- G8 FMs converge in London to prepare for summit
- New South African deputy president sworn in
- Canadian PM to be probed for alleged vote-buying
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.