Senators Discuss Trade, Currency with Chinese Leaders

Majority Leader Harry Reid (D-NV) “and a bipartisan congressional delegation met today with Chinese leaders to discuss trade and currency issues,” USA Today reports.

U.S. manufacturers and members of Congress have been concerned that China is manipulating its currency, the yuan, to gain a trade advantage over competitors. The Obama administration has delayed a report on whether it would label China a currency manipulator until after international economic meetings in April and May.

"The relationship between the United States and China is important for our two nations, but it is also important for the world," Reid, D-Nev., said in a statement. "How the United States and China work together on commerce, currency and clean energy will help determine the future health of the global economy."

The 10-member Senate delegation met with Wang Qishan, vice premier of China; Yang Jiechi, China’s foreign minister, and Zhou Xiaochuan, the president of the People’s Bank of China.

Other members taking part in this visit to China include Senators Richard Shelby (R-AL), Barbara Boxer (D-CA), Dick Durbin (D-IL), Mike Enzi (R-WY), Chuck Schumer (D-NY), Frank Lautenberg (D-NJ), Johnny Isakson (R-GA), Jeff Merkley (D-OR) and Michael Bennet (D-CO).

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Filed under China, Currency, International Visits, Party Leadership, Trade

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