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This article reports that the organization, China Currency Coalition, is planning to declare that China's currency remains undervalued by 40 percent or more against the dollar and is calling on U.S. President George W. Bush's administration and the U.S. Congress to take a more aggressive stance against China's currency policy. Skip Hartquist, who is counsel to the labor, agricultural and manufacturing coalition, said that China's revaluation of the yuan by 2 percent in July 2005 was insignificant and its policy continues to result in cheaper Chinese exports. Hartquist said that his group is urging the Bush administration to reconsider its decision not to take the issue to the World Trade Organization.

The article reports that U.S. Senate Finance Committee Chairman Max Baucus told Treasury Secretary Timothy F. Geithner, who testified before the committee, that the U.S. is too process-oriented while China has been more results-oriented in terms of trade and China's currency manipulation.

The article reports that the U.S.-China Economic and Security Review Commission said that the U.S. must take action against China's trade-distorting industrial and currency policies by raising it in the World Trade Organization.