Nov 22nd, 2008 · Bush told leaders gathered in Peru for the Asia-Pacific Economic Cooperation forum that the global financial crisis should not cause the nations to become protectionist. He urged the 21 nations not to impose regulations that would "stifle innovation and choke off growth."
Jul 21st, 2005 · China's bow to international pressure and revalued its currency. The yuan will be revalued by 2.1 percent, less than what the United States wanted and perhaps not enough to satisfy congressional critics who want protectionist measures to stem the flow of Chinese imports. The yuan will now be pegged to a basket of international currencies.
Jul 21st, 2005 · China bows to international pressure and announces it will revalue its currency. The yuan will be revalued by 2.1 percent, less than what the United States wanted and perhaps not enough to satisfy congressional critics who want protectionist measures to stem the flow of Chinese imports. The Yuan will now be pegged to a basket of international currencies.