Economists: U.S. currency bill little help to its economy.

As the U.S. Congress moved a step closer to punishing China for allegedly manipulating its currency, economists told Xinhua that the bill, even if it became law, would not aid the US economy. "At best, it will have little impact on job creation in the U.S., but it will make some Congressmen feel better while encouraging retaliation from China, which is good for no one," said Robert Lawrence Kuhn, an international investment banker and corporate strategist, and author of the book "How China's Leaders Think." However, some U.S. lawmakers are preaching the "benefits" of the bill which would allow the U.S. Commerce Department to use estimates of how much China undervalues its currency to calculate and slap countervailing and anti-dumping duties on imports from China and other countries.

CHINA.ORG