英语文摘：Economists say U.S. currency bill little help to its economy

"If the RMB were suddenly to rise by a large degree against the dollar,we can't imagine how many Chinese factories would go bankrupt, how many Chinese workers will lose their jobs, and how many migrant workers will return to the countryside," Wen said.

Kuhn said that "A sudden, sharp appreciation of the RMB does not make sense in that it would threaten the existence of many businesses in China and hurt economic and social stability, which would be in no one's interest worldwide."

"The real aim of the lawmakers advocating the bill is not to aid the growth of the U.S. economy, which is a legitimate concern of U.S. policy makers, but to weaken China's economy, which is not a legitimate aim of the U.S. lawmakers," Ross said.

A slow and steady rise in the RMB would be in everyone's interest, including China's as a higher RMB would force businesses to become more efficient through innovation, control inflation and increase the purchasing power of the people, Kuhn said.

Ross urged China not to carry out policies, such as a sharp appreciation of the RMB, that would damage China's own economy and those of the rest of the world, including the U.S.

The only way for the U.S. economy to recover was to sharply increase its own savings level and end the restrictions on exports of various types of goods to China so that U.S. exports could rise even more rapidly," said Ross.

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