My Internet Notebook

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US China Spat Over Currency

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A great quote from Stephen Roach, chief economist for the investment bank Morgan Stanley, on a proposed senate bill that will impose a 27.5 per cent tariff on all Chinese exports to America.

“At a time when the US is more dependent on foreign capital than ever before, to impose tariffs not just on a major provider of goods but a major lender of capital I think would be close to economic suicide.”

Written by Y.

March 24th, 2006 at 12:16 am

Posted in Business,China

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