23Sep/109:45 AM
Video: Orlins Calls U.S. Sanctions on China `Counterproductive': Video
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Sept. 23 (Bloomberg) -- Stephen Orlins, president of the National Committee on U.S.-China Relations, discusses Chinese Premier Wen Jiabao's speech in New York yesterday and the prospects of U.S. sanctions against China if that country doesn’t revalue its currency. Wen said a 20 percent rise in the yuan would cause severe job losses and trigger social instability, putting the nation on course for a clash with U.S. lawmakers demanding a stronger currency. Orlins talks with Betty Liu and Al Hunt on Bloomberg Television’s “In the Loop.” (Source: Bloomberg) |
