on October 1, 2010
House Approves Bill Targeting China's Undervalued Currency
The House has passed legislation that targets China's undervalued currency, the yuan or renminbi, as a countervailable subsidy.
The House has passed legislation that targets China 's undervalued currency, the yuan or renminbi, as a countervailable subsidy. The bill had been expected to pass the House, given that at least 40 Republicans were co-sponsors of the bill. The bill passed the House by a large margin (348-79), with…