China not currency manipulator: US Treasury
WASHINGTON -- The Obama administration announced that it has decided not to label China a currency manipulator in a semi-annual currency report released Thursday. "Treasury has concluded that no major trading partner of the United States met the standards identified in Section 3004 of the Act," the Treasury Department said in its semi-annual report sent to Congress on international economic and exchange rate policies. The report noted that China'a announcement on June 19 to introduce more flexibility into the currency system is a "significant development." The yuan, has risen about 0.8 percent against the dollar since Beijing's June announcement. US Treasury Secretary Timothy Geithner said the Obama administration will be watching the currency changes closely in coming months. Geithner said. "We will closely and regularly monitor the appreciation of the renminbi and will continue to work towards expanded US export opportunities in China that support employment in the United States." Some American manufacturers say the Chinese currency is undervalued by as much as 40 percent. They contend that this undervaluation is a key reason for America's huge trade deficit with China. They say it is also a factor in the loss of millions of American manufacturing jobs over the past decade. However, many private economists argue that there are a variety of reasons for America's huge trade deficit with China. A change in the currency values would have only limited impact on the deficit, they say. All the products are listed as following: Footwear: NikeAF1,Airmax,Shox,Adidas,Timberland,Puma,Gucci,Prada,LV,Chanel,Lacoste,Lebron,Kobe,Rift, Dunk SB, Nike Women Shoes, Nike Children Shoes, Hogan, Obama, Coogi, Bape Star, Adicolor, Ice Cream,Jordan1--Jordan24,Clear Jordan, Jordan Fusion, AJF, Jordan Flight 45,UGG Boots, Etc. Other Products: 1. Bags/Purses : Coach, Chanel, LV, DG, Burberry, Dior, Ed Hardy, Christian, Audigier(CA), Fendi, Guess, Gucci, Prada, Miumiu, Versace,Juicy, Chole, Tous, Cadillac, a,Etc. 2. Caps Hats: ED Hardy, Smet, Coogi, New Era, SF, Bape, AFF, CA, Ke, Etc. 3. T-Shirts: ED Hardy, Affliction, Christian, Audigier(CA), A&F, Lacoste, Armani, Coogi, D&G, G-Star, Evisu, Ad, Polo, Versace, Bape, Rockwear, Sinful, Smet, Gucci, Etc. 4. Hoody/Jacket/Coat: Affliction, A&F, Blac Label, Bape, BBC, Christian Audigier(CA), Coogi, Crystal Rock,CLH,10Deep,D&G,EDHardy,Ecko,Evisu,GGG,Gucci,G-Star,Juicy ,Kidrobot, Kappa, Lacoste, LRG,NY, Polo, Sinful, True Religion, Versace,Adicolor, Armani, Burberry, LV,NF, Prada, Spider, Etc. 5. Jeans&Pants: A&F, True Religion, LRG, Rock, Coogi, D&G,ED Hardy, Christan Audigier, Red Monkey, Affliction, Artful Dodger, Armani, G-Star, Seven, Dsquared, Ect. 6. Hair Straightener/Hair Iron: CHI,GHD,MK4,MK5,Black,Purple,Pink,Kiss,Pure White, Etc. 7. Sunglasses: Armani,Coach,Dior,EDHardy,Versace,LV,Rp,Fendi,Burberry,Cartier,Chanel,Dg,Gucci,Prada,Etc. About Author We are very professional supplier of selling Nike shoes such as Nike or more AirShox,AirMax,Air Jordan,Air Force 1 and so on, We offer grade A quality product only. Our products are authentic quality with original box.And all products displayed on our website are available and have stocks here. We offer very special prices to our customer (price depends on your quantity).Very fast and safety delivery by TNT, DHL OR EMS, we can delivery within 24 hours upon receiving your payment. It is very safe door to door service, never get problems with customs. If you have any questions, please feel free to contact us. We accept small orders! Thank you very much ! fail information, please kindly visit our website: www.footwearfile.com www.yannikeshoes.com www.pickfashion.com Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
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