2007-12-24 11:48:35 · 5 answers · asked by Locutus1of1 5 in Politics & Government ➔ Politics
http://www.house.gov/apps/list/press/nc09_myrick/pr102103_chinabill.html
2007-12-24 11:50:44 · update #1
so their products remain cheap on the international market as you can see now a days everything is made in china and cheap
2007-12-24 11:54:33 · answer #1 · answered by rogue 5 · 6⤊ 0⤋
What has happened since that press release in 2003? The Chinese do what they want and our government doesn't have the will to address the situation.
2007-12-24 19:54:55 · answer #2 · answered by tribeca_belle 7 · 0⤊ 0⤋
To compete with Bush.
USD to Chinese Currency Conversion Results
http://finance.yahoo.com/currency/convert?from=USD&to=CNY&amt=1&t=2y
If they are and the US dollar is dropping at three times their rate, we are in a world of hurt.
edit: "October 21, 2003" . Hey there Stretch....
2007-12-24 19:52:54 · answer #3 · answered by Chi Guy 5 · 1⤊ 0⤋
To promote foreign investment.
2007-12-24 19:50:50 · answer #4 · answered by Sordenhiemer 7 · 3⤊ 0⤋
It weakens our trade and our currency.
2007-12-24 20:46:08 · answer #5 · answered by Big Bear 7 · 0⤊ 1⤋