US Senator Charles Schumer puts pressure on China's currency

In the morning of August 11, according to foreign reports, U.S. Senator Charles Schumer, who frequently denounced China's trade policy, seized on the rise in China's trade surplus in Tuesday, urging the implementation of legislation against China's foreign exchange policy. "The data show how little it would be to end its currency manipulation without pressuring China," Mr Schumer said in a statement after China's trade data.　　China's July trade surplus rose to a 18-month high of $28.7 billion trillion. Mr Schumer is one of the most vocal lawmakers in the U.S. Congress facing China's currency policy.　　He blamed China's currency policy for the large number of U.S. manufacturing jobs. He led a bipartisan group urging the implementation of legislation that would allow mofcom to levy countervailing anti-dumping duties on countries with undervalued exchange rates.