| 摘 要： | The United States seems serious about for cing a sharp and rapid appreciation of the Chinese currency. So serious in fact that the U.S . Senate Finance Committee and Senate Banking Committee passed two recent billsto this effect. The action is a clear indication of the way some Americans areth in king , brin g ing to the for e the belief that appreciating the renminbi willease the U.S trade deficit with China and reduce the hammering beingmeted out to some U.S . industries. Xia Bin, Director of the Finance ResearchInstitute of the Development Research Center of the State Council, chal-lenges the thinking in an article published in China Business News . Excerpt s follow:
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