FINANZE - NEWS NEWS it FINANZE RSS Feed Generator La Cina difende la propria politica valutaria Revalued Yuan Had No Impact on U.S./China Bilateral Trade Deficit15 December 2005 (CHINA KNOWLEDGE PRESS) Dec. 15, 2005 (China Knowledge) - Trade data released today by the Department of Commerce confirm that China''s revaluation of its currency had no impact on the U.S./China bilateral trade deficit, according to the China Currency Coalition, an alliance of industry, agriculture, and worker organizations in the U.S. The China Currency Coalition said that the October deficit with China reached another new high of US$20.5 billion, predicts that this year''s deficit with China will most likely exceed US$205 billion. Since the Chinese government revalued the RMB by 2.1% on July 21, China''s currency has gained less than 0.4% versus the dollar. Tratto da Thu, 15 Dec 2005 00:00:00 GMT