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THE SENATE TASK FORCE ON MANUFACTURING


A BRIEFING ON CHINESE CURRENCY:
VALUATION ISSUES AND PROPSED REFORMS


PRESENTATION BY THE CHINESE CURRENCY COALITION


BASIC PRINCIPLES FOR LEGISLATION
TO ADDRESS THE PROBLEM OF
UNDERVALUED CURRENCY MANIPULATION AND MISALIGNMENT


Friday, October 26, 2007
12:00 - 1:15 P.M.


David A. Harquist
Jeffery S. Beckington
Kelley Drye Collier Shannon
Counsel, China Currency Coalition

Matthew M. Kemper
Georgetown Economic Services, LLC.


Download the entire report here. (PDF 12.3MB)
Or download in sections below.

TABLE OF CONTENTS


Exhibit 1 (PDF 133kb)

 

List of Members of the China Currency Coalition

     

Exhibit 2 (PDF 274kb)

 

Illustrative Import Transaction by U.S. Buyer with Chinese Producer/Exporter - Effect of Renminbi's Underevaluation

     

Exhibit 3 (PDF 276kb)

 

Illustrative Export Transaction by U.S. Producer/Exporter with Chinese Buyer - Effect of Renminbi's Underevaluation

     

Exhibit 4 (PDF 165kb)

 

Historical Comparison of Determinations by the U.S. Treasury Department Regarding Currency Manipulation by China, 1992-2006

     

Exhibit 5 (PDF 2.9MB)

 

S. 796, The Fair Currency Act of 2007 (Bunning-Stabenow-Bayh)

     

Exhibit 6 (PDF 180kb)

 

List of Co-Sponsors of S. 796, The Fair Currency Act of 2007 (Bunning-Stabenow-Bayh)

     

Exhibit 7 (PDF 2.5MB)

 

S. 796, The Fair Currency Act of 2007: Questions and Answers

     

Exhibit 8 (PDF 1.2MB)

 

A Survey of Views Regarding Whether Exchange-Rate Misalignment Is a Countervailable, Prohibited Export Subsidy Under the Agreements of the World Trade Organization

     

Exhibit 9 (PDF 1.2MB)

 

White Paper by China Currency Coalition on U.S. Indebtedness to China and Japan

     

Exhibit 10 (PDF 2.8MB)

 

Official Trade Data of China's Major Trading Partners Showing Extent of China's Large and Growing Trade Surplus with the United States and Globally in Recent Years and the Consistent and Significant Understatement of That Trade Surplus by China's Own Official Trade Data, 1995-2006