China says "deeply regrets" U.S. currency bill

[sweet pea]

HONG KONG (Reuters) - China's central bank said on Tuesday it "deeply regrets" a U.S. currency bill that pressed China to allow its yuan currency to rise in value.

The People's Bank of China also said the passage of the bill may seriously affect its currency reform, potentially leading to a trade war between the two sides.

"There are multiple reasons for the global trade imbalance, and the trade imbalance between China and the United States is not because of the renminbi's exchange rate," it said in a statement posted on its website.

http://news.yahoo.com/china-says-deeply-regrets-u-currency-bill-015153966.html

[Dinarabot]

I guess we will be buying American again....Go U.S. economy!!!! A trade war would hurt us in the begining, but it has to start some where....lets create jobs HERE!!!!!

[FrankenSLI]

I guess we will be buying American again....Go U.S. economy!!!! A trade war would hurt us in the begining, but it has to start some where....lets create jobs HERE!!!!!

I would gladly buy american and do so when at all possible. Unfortunately most of the things we use these days are not made in the US and many of the things that are *made* in the US are actually made in China and then assembled in the US. It is quite sad actually.

[ftruck7]

I guess we will be buying American again....Go U.S. economy!!!! A trade war would hurt us in the begining, but it has to start some where....lets create jobs HERE!!!!!

I guess you can get rid of that rice burner that you are on in your pic.

[caz1104]

I buy american when the product is worthy,not just because its made here.

[reveldog]

i have bought several items at times that have said " made in the USA" but turned out just the packaging was made in the USA ,, one item was a USA flag where the plastic wrap said made in USA but the label said made in china,, go figure

[Dinarabot]

I guess you can get rid of that rice burner that you are on in your pic.

And buy a HardlyMovingston that has the engine case, pistons, brake rotors, and tank thats stamped in China....my Rice Rocket is just as American as those "made in America" hogs...

[idplzr]

I would gladly buy american and do so when at all possible. Unfortunately most of the things we use these days are not made in the US and many of the things that are *made* in the US are actually made in China and then assembled in the US. It is quite sad actually.

I agree with you, I believe it is because our Govt has placed so many regulations and taxes on companies here that they have moved there businesses out of our country where they face less demonisation for being successful.

[Butifldrm]

The need for China to raise the Yuan rate has been long coming. I guess the little jesture by our Senate sent a strong message.

http://www.nytimes.com/2011/10/04/business/global/us-senate-backs-tough-china-trade-moves.html?_r=1