SDI's Nolan: China Situation Urgent

May 2005
Metal Center News;May2005, Vol. 45 Issue 6, p62
Trade Publication
The article reports that in written testimony submitted on April 14, 2005 on behalf of the China Currency Coalition to the U.S. House Ways and Means Committee, John Nolan, a Steel Dynamics Inc. executive, said the single greatest commercial disadvantage the United States faces is China's manipulation of its currency. Nolan contends the undervaluation of the Yuan acts both as a subsidy for Chinese exports to the United States and other countries and as a hidden duty on U.S. products that are imported to China.


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