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WASHINGTON (Reuters) – Members of the Congress on Tuesday threatened Beijing with duties on some of its exports if it fails to revalue its currency, pressuring the Obama administration to label China a currency manipulator.
A bipartisan bill introduced in the Senate merges previous legislative efforts to press China to change policies that critics say keep its yuan currency cheap, effectively subsidizing Chinese exports and taxing competing imports.
Senate bill would penalize China over yuan - Yahoo! News (http://news.yahoo.com/s/nm/20100316/pl_nm/us_usa_china_currency - broken link)
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