Hundreds of multinational companies against the U.S. joint congressional sanctions on China.

<P>: Http://finance. Telecommunications, trade with China in a number of proposals for the agenda of the United States Congress is about to enter the occasion, Microsoft, Wal-Mart, Citigroup and other 160 U.S. multinational corporations and trade associations to jointly sent a letter to Congress, called for .avoid specialized trade sanctions against China. .</ P> <P> trade barriers will not be effective </ P> <P> local time on September 26, 160 U.S. multinational corporations and industry associations to take a high-profile action, jointly sent a letter to Congress. .Letter stressed that measures such as raising tariffs some of retaliatory measures that will only lead to more harm than good results. .Participate in joint letters, including 122 companies and 38 industry associations. .These companies are mostly large multinational companies, covering different industries, with broad representation, including Intel, Microsoft, IBM, HP, this high-tech companies, but also Wal-Mart, Best Buy and other large retail chains, Citigroup, JP Morgan .Stanley, New York Life and other major financial institutions, including Coca-Cola, Procter & Gamble, Chevron, General Electric and other old American giant. .Association in the industry include the closely related with the China trade, with considerable influence on the body, such as members of more than 3 million of the nation's largest business organization in the United States Chamber of Commerce, comprises more than 240 major companies in the China trade .US-China Business Relations Committee. .These companies and associations in a letter that promote U.S. interests overseas, the need to eliminate trade barriers and improve the competitiveness of the United States itself. .On the contrary, individual countries to request a range of issues for the United States is responsible, and those who violate their international obligations the United States or to U.S. market access to inappropriate restrictions on the practice, will not be effective, and should be rejected. ."To exchange rate revaluation, or the name of product safety to impose unfair trade barriers, the program does not solve the fundamental problem, and that should have taken important measures to prepare for the U.S. economy and the labor to adapt to the reality of the global economy, .These measures will result (protectionism) and damage. "joint letter said. .Agencies involved in joint letter said the letter was from the US-China Business Relations Committee in August to begin drafting, and then organize and coordinate the relevant associations and companies in the joint. .Earlier, the U.S. Chamber of Commerce September 24 special issue on China trade issued a report and the report presented to the U.S. Trade Representative's office. .The report calls for China to further open markets, but also against the Congress to adopt trade protectionist measures. .Congress has made the U.S. more than China trade proposal, the Chamber of Commerce vice president for Asian affairs thin Myron (Myron Brilliant) in the published report at a press conference: "While we respect the motives of these proposals, but .We are opposed to the opposite way, they would be contrary to our own international responsibilities, undermine our reforms needed to promote China's capacity, and would undermine the United States to our trade partners the most rapidly growing exports. "" We .must meet the economic challenges we face, not backwards protectionist. "Brilliant said. .</ P> <P> Democratic proposal for comprehensive trade with China brewing </ P> <P> silence after a brief summer, the debate about trade with China as the U.S. Congress in September to launch a new session and re-excited. .Both houses of Congress a number of related proposals in the next few weeks, moved into the agenda. .Currently, the U.S. Senate and House have for the China trade bill. .Among them, the Senate has passed two committees of the bill, the hospital has not been submitted to a vote. .One of the Finance Committee bill S1607 passed Proposition, the proposal does not use the "currency manipulation" word, but use "exchange rate deviation." .An important feature of the bill, if a country is defined as an "exchange bias", will be dumping the currency as undervalued, and use of anti-dumping measures to impose sanctions. .Another bill was adopted by the Finance Committee proposal No. S1677. .Proposal calls for the U.S. Treasury each year's exchange rate policies on other countries to report to Congress. .The focus of this proposal, in defining whether a country a currency manipulator, the proposal to the Ministry of Finance shall have the control of the country as the definition of motivation in the world. .In the House, the current number of proposals have emerged, most of the means of more stringent than the Senate, but the proposal is not yet adopted by the Commission, and most likely to be through the tax under the Trade Subcommittee, the Committee is still drafting .the proposal. .Chairman of the group Levin has hinted that the proposal will be a comprehensive trade proposal, in addition to the exchange rate issue, will also involve China, subsidies, intellectual property protection and import product safety matters. .According to another report, the proposal is likely to be proposed, the means of countervailing duties to China will also apply. .Currently, the sanctions apply only to market economies. .Although the U.S. Department of Commerce had earlier been countervailing duties against Chinese enterprises to take measures, but whether to take this means is entirely the discretion of the executive master of their own. .In addition, the proposal also may include, asked the U.S. Commerce Department in determining whether a country's market economy must be approved by Congress. .Levin told the media present, the Democratic Party a majority in Congress since winning last year, is building a new U.S. trade policy, and the drafting of the China trade bill will be one of the important part. .He expected that the bill will be finalized in the next few weeks and hope to a new round of Sino-US strategic economic dialogue held in the hospital before the Committee as well as clearance. .And the Senate, Senate leaders had already made it clear that the proposals on trade with China will only select one vote. .Generally, the Finance Committee, the main reason trade matters, the Commission voted on the bill more likely. .According to the current atmosphere, both houses of the China trade bill has a significant chance of passage. .And there is news that the Senate considered the House of Representatives will pass the China trade bill, the bill again on its own vote. .The House bill is usually easier to pass the bill provisions are generally more severe and radical. .The Senate bill requires a two-thirds majority is required to ensure the clearance, a relatively large degree of difficulty. .However, some analysts believe that, due to the current bill in both houses of many waiting to vote, especially in the huge Iraq war divided on the issue, the proceedings may be protracted, the China trade bill is likely to have delayed the arrival of year. .</ P>.