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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World US lawmakers to target China, grill Geithner AFP - Wednesday, September 15 Send IM Story Print US lawmakers to target China, grill Geithner WASHINGTON (AFP) - – Facing November elections shaped by voter anger at the sour economy, US lawmakers this week will grill US Treasury chief Timothy Geithner on what they charge are China's unfair trade practices. Key Senate and House of Representatives committees are weighing bills to impose retaliatory measures against Chinese goods amid accusations that Beijing keeps its currency -- and thereby its exports -- artificially cheap. Other bitter US congressional complaints center on Beijing turning a blind eye to rampant intellectual property theft, and its "indigenous innovation" practice of buying key products from domestic producers. The White House's Democratic allies have expressed frustration with both China and US President Barack Obama's administration, and warned that lawmakers may be forced to act unless Washington wrings some concessions from Beijing. The House Ways and Means Committee, which has jurisdiction over taxes and trade, was to grill Geithner on Thursday after a hearing one day earlier featuring executives and the head of the United Steelworkers union, Leo Gerard. "American workers, communities and industry have every right to expect their government to take action. It is long, long overdue," Gerard said ahead of the hearing. Democratic Representative Sander Levin, the panel's chairman, has said it is "vital" to get Geithner's input on "how best to proceed" on the currency front. "There is no real question that China's deliberately undervalued exchange rate is unfair, contributes to global trade imbalances, and costs the United States jobs and economic growth," according to Levin. Geithner on Thursday will also go before the Senate Banking Committee, where at least one member, Democratic Senator Chuck Schumer, has blasted the Obama administration for not formally finding that China manipulates its currency. China has called such charges "groundless," and the US Commerce Department released a report in late August that it found insufficient evidence to probe allegations that the undervalued yuan constitutes a state subsidy. "Once again, even when the opportunity is thrust into its hands, the administration has refused to take action," Schumer said in response to the findings. The hearings come with Obama poised to meet with Chinese Premier Wen Jiabao next week on the sidelines of the UN General Assembly in New York, after a parade of US officials visited Beijing over the past few weeks to press Washington's case on intellectual property and currency. China pledged in June to let the yuan trade more freely against the dollar, but Geithner has reiterated that he is still not satisfied with Beijing's moves to loosen its grip on the currency. So far, it has appreciated about one percent against the greenback. US lawmakers have been pressing for legislation that would require the US Commerce Department to apply punitive sanctions against China and other countries with allegedly undervalued currencies. Other congressional proposals include stripping China of permanent normal trade relations status with the United States, which Congress granted in late 2000 to pave the way for Beijing to join the World Trade Organization. Even spurred by the economy and the election, it was not clear whether US lawmakers would ultimately take formal action against China, whose help Washington wants on issues like the nuclear programs in Iran and North Korea. "We'll continue to push. I hope something can be done but I'm not holding my breath," said Democratic Senator Byron Dorgan, who was to lead a September 22 hearing focused on intellectual property theft in China. Lawmakers were also to question a top official with the Motion Picture Association of America, which has expressed anger at widespread Chinese piracy of Hollywood films. 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