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China's Exchange Rate Policy and Trade Imbalances
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The matter before the Subcommittee is an urgent one. We are holding this hearing in the hope that our witnesses can shed light on the effect that China's exchange rate policy has on trade flow and U.S. manufacturers and our workers and on what remedies Congress should consider. Financial and trade analysts and news reports indicate we should anticipate China to begin gradually revaluating its currency, the RMB, in the coming weeks. What we hope to learn is what a meaningful appreciation of ...