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U.S. lawmakers will take aim at one of China's core economic policies on Monday when the Senate begins debating a bill aimed at pressing China to let its currency rise in value in the hope of creating U.S. jobs.A procedural vote late on Monday is expected to open a week of Senate debate on the Currency Exchange Rate Oversight Reform Act of 2011, which would allow the U.S. government to slap countervailing duties on products from countries found to be subsidizing their exports by undervaluing their currencies.
Tuesday, October 4, 2011
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