US Senate panel sets hearing on China yuan policy

WASHINGTON, April 20 (BestGrowthStock) – A U.S. Senate Banking
subcommittee will hold a hearing on Thursday to examine the
impact of China’s exchange rate practices on U.S.
manufacturing, the panel said on Tuesday.

Senator Sherrod Brown, an Ohio Democrat who has pressed
President Barack Obama’s administration to formally label China
as a currrency manipulator, will chair the hearing.

Brown also is co-sponsor of a bill threatening China with
tariffs on some of its exports if it does not significantly
revalue the yuan. The committee will hear from steel and other
industry groups, as well as academic witnesses.

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(Reporting by Doug Palmer; Editing by Chizu Nomiyama)

US Senate panel sets hearing on China yuan policy