BNA's Web Watch - Chinese Currency

Congress
Pending Legislation
H.Con.Res. 285
Expressing the concern of the Congress regarding the detrimental impact on the United States economy of the manipulation by foreign governments of their currencies.

Letter to Secretary Snow from Rep. Donald Manzullo on currency manipulation issues

H.R. 3058
Currency Harmonization Initiative through Neutralizing Action Act of 2003

S.Res. 219
To encourage the People's Republic of China to establish a market-based valuation of the yuan and to fulfill its commitments under international trade agreements.

S. 1586
To authorize appropriate action if the negotiations with the People's Republic of China regarding China's undervalued currency and currency manipulation are not successful.

S. 1592
Fair Currency Enforcement Act of 2003

Congressional-Executive Commission on China
Is China Playing By the Rules? Free Trade, Fair Trade, and WTO Compliance (September 24, 2003)

Congressional-Executive Commission on China
Annual Report for 2003

Congressional Research Service
China-U.S. Trade Issues (October 3, 2003)

Federal Reserve
Remarks by Chairman Alan Greenspan Current account Before the Economic Club of New York, New York (March 2, 2004)

Remarks by Chairman Alan Greenspan At the 21st Annual Monetary Conference, Cosponsored by the Cato Institute and The Economist, Washington, D.C. November 20, 2003

Department of Treasury
2004 Trade Policy Agenda and the 2003 Annual Report of the President on the Trade Agreements Program.

The President's Trade Policy Agenda for 2004
I. Overview of the 2004 Agenda
The President's 2003 Annual Report on the Trade Agreements Program
II. World Trade Organization
III. Regional Negotiations and Bilateral Negotiations
IV. Other Multilateral Activities
V. Trade Enforcement Activities
VI. Trade Policy Development

Annex I: U.S. Trade in 2003
Annex II: WTO Background
Annex III: List of Trade Agreements

US-China Economic and Security Review Commission
Hearing Transcript for December 4, "China's Growth as a Regional Economic Power: Impact and Implications for the U.S."

China’s World Trade and Investment: An Overview Prepared For: US-China Economic and Security Review Commission Prepared by Dr. Allen Lenz, Ph.D, Economist October 2003

September 25, 2003 - Hearing on "China's Investment and Exchange Rate Policies"

International Organizations

International Monetary Fund
IMF Concludes 2003 Article IV Consultation with the People's Republic of China, (Nov. 18, 2003)

Nongovernment Organizations
American Society of International Law
China’s Fixed Exchange Rate for the Yuan: Could the United States Challenge It in the WTO as a Subsidy? By Marc Benitah (October 2003)

Cato Institute
The Renminbi Is a Red Herring by Gerald P. O'Driscoll, Jr. and Lee Hoskins (March 3, 2004)

Cato Center for Trade Policy Studies
China: Just Say No to Monetary Protectionism
by Gerald P. O'Driscoll Jr., and Lee Hoskins Gerald P. O'Driscoll Jr., senior fellow at the Cato Institute,
and, Lee Hoskins, senior fellow at the Pacific Research Institute and former president of the Federal Reserve Bank of Cleveland Free Trade Bulletin No. 6 (January 15, 2004

Economic Policy Institute
Snapshot for October 30, 2003 (special edition) China's currency manipulation and U.S. trade

Heritage Institute
Time for Washington to Take a Realistic Look at China Policy
by John J. Tkacik, Jr. Backgrounder #1717 December 22, 2003

Institute for International Economics
Currency Manipulation Morris Goldstein
Institute for International Economics
Article published in Korean in JoongAhn Ilbo December 9, 2003
and in English in JoongAhn Daily December 11, 2003

China's Exchange Rate Regime
Morris Goldstein
Institute for International Economics Testimony before the Subcommittee on
Domestic and International Monetary Policy, Trade, and Technology
Committee on Financial Services US House of Representatives Washington, DC
(October 1, 2003)

National Association of Manufacturers
Annual Economic Forecast Thursday, January 15, 2004