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WASHINGTON: The Federal Reserve's plan to buy more Treasury bonds has incited critics at home to complain of inevitable high inflation and financial turmoil.
SO, the United States has once again intensified its political pressure on China to hasten the appreciation of the latter's currency, the yuan, as a new legislation to allow tariffs to be imposed on imported goods from 'countries with undervalued currencies' was passed by the US House of Representatives over the week.
BEIJING: China yesterday hit back at a bill passed by the US House of Representatives aimed at pressuring Beijing to let its currency rise faster by branding it in violation of world trade rules.
JAKARTA: Mufardi Rusli's neighbors hunch over tables covered in brightly colored fabric, the whirring of their sewing machines echoing across his Jakarta neighborhood.
WASHINGTON (AP): Pressure on China to allow its currency to rise in value against the dollar intensified Wednesday with a prominent economist telling Congress that the Obama administration should cite China and four other Asian economies as currency manipulators in a report due in April.