Thu, Oct 13, 2011 - Page 1 News List

Beijing slams US currency bill as trade ‘time bomb’


However, House aides say it could return to life if the issue were to become a core dispute ahead of next year’s elections.

The bill has split the top two Republican White House contenders, with Texas Governor Rick Perry opposing it and former Massachusetts governor Mitt Romney saying he would confront China on his first day in office.

In a Republican debate on Tuesday night, the current front-runner Romney said strong action was needed to combat Chinese “cheating” and that if elected he would issue an executive order branding China a currency manipulator.

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