China manipulating its currency selling goods at lower cost

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China manipulating its currency selling goods at lower cost

MSN News – Washington, Sept 1 (PTI) With the US Department of Commerce finding that USD 514 million of Chinese aluminium products imported in 2009 were unfairly subsidised, a key Senator has alleged that China continues to manipulate its currency.

"I am encouraged that the Commerce Department took the first step in standing up for US aluminium workers by recognising that China is unfairly subsidising its aluminium industry. We can''t sit idly by as China breaks every trade rule at the expense of US companies and US jobs," Senator Sherrod Brown said.

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