(Reuters) - The powerful House of Representatives Ways and Means Committee told Chinese Vice Premier Wu Yi that China was flouting world trade rules by manipulating the value of its currency to boost exports and distorting trade with subsidies.
"The committee has serious concerns about China's massive and constant interventions in the currency markets," it said in a letter given to Wu when she visited Capitol Hill following two days of talks with Bush administration officials.
Read more at Reuters.com Business News
"The committee has serious concerns about China's massive and constant interventions in the currency markets," it said in a letter given to Wu when she visited Capitol Hill following two days of talks with Bush administration officials.
Read more at Reuters.com Business News
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