NAM’s task force steps up pressure on China currency

Dec 05, 2006 | 01:51 PM | Rory Carroll

Renewing a call for action to address China's alleged currency manipulation, the National Association of Manufacturers' newly formed U.S.-China Business Relations Task Force met with Treasury Secretary Henry M. Paulson Jr., Commerce Secretary Carlos M. Gutierrez and U.S. Trade Representative Susan C. Schwab Monday.

The task force is comprised of a dozen NAM board members representing large and small manufacturers.

"This impressive set of meetings brought together a cross-section of NAM board members and our top government officials," John Engler, NAM's president, said. "We had candid conversations about our views on China, the undervalued yuan and how to press the Chinese to accelerate its appreciation and move toward a market-determined currency. We also discussed strategic approaches to our trade relations with China that would result in mutual benefits for both the U.S. and China."....

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