March 24, 2010Full Committee Hearing on China’s Exchange Rate Policy
1100 Longworth House Office Building - at 10:00 AM
FOCUS OF THE HEARING:
Economists generally agree that the Chinese currency (the renminbi – “RMB” – or “yuan”) is substantially undervalued as a result of market intervention by the Government of the People’s Republic of China. This policy artificially raises the price of imports into China and suppresses the price of exports from China. The purpose of this hearing is to consider: (1) the immediate and long-term impact of China’s exchange rate policy on the U.S. and global economic recoveries and, more specifically, on U.S. job creation; and (2) steps that could be taken to address the issue.
Click here to provide a submission for the record
You can watch our hearing live here.
Hearing Advisory Hearing on China’s Exchange Rate Policy
http://waysandmeans.house.gov/Hearings/hearingDetails.aspx?NewsID=11061
