Beijing's newest punch at members of the U.S. Congress is claiming legislation undertaking, what they believe is China's strategy of keeping its Yuan currency synthetically low against the dollar. Senator Charles Schumer, a Democrat, along with his colleagues demanded for votes in the next two weeks on legislation, to permit the exercise of anti-dumping and countervailing duty laws in opposition to China or any other Country, reckoned to have a primarily skewed exchange rate.
China and the United States had previously shunned an open debate over the Yuan, at high-level talks that had taken place in Beijing.
"When they are manipulating the Yuan debate, these American politicians may make some short-term political gains, but they put the long-term Sino-U.S. bilateral relations in jeopardy, stated an English language commentary.
It further said that congressmen who claim to be white knights defending the interests of the American people are “nothing more than a bunch of baby-kissing politicians” who are trying to roll voters by controlling the Yuan debate.
The commentary recalled Beijing's standpoint, emphasizing that Yuan was not to be blamed for United States' trade dearth with China. It further said that it was a strategy of the U.S. lawmakers to deflect public attention from much more grave domestic economic troubles, which were caused in part by their incompetence.
Never before had the Chinese Government leaders used such strong words contrasting the proposed U.S. legislation. The commentary however gave a little clue of the animosity that could explode between the world's biggest and third biggest economies, if bills intending at the Yuan exchange rate moved closer to becoming law.












