Downward Spiral Feared by U.S. Business in China Trade at Golden Networking's China Leaders Forum 2010, Influential Business Conference on China

New York, NY, September 30, 2010 --(PR.com)-- Whether congressional passage of a bill to pressure Beijing to revalue its currency further harms U.S.-Chinese trade relations will be debated at Golden Networking's 2nd China Leaders Forum, "Is the Chinese Dragon Poised for Global Dominance or Economic Implosion?" (http://www.ChinaLeadersForum.com), October 6th, New York City.

As reported by Reuters, "with U.S. congressional elections looming on November 2, many U.S. lawmakers who blame unfair Chinese trade practices for American job losses are eager to show they are taking steps to get tough with Beijing and help tackle high U.S. unemployment. The U.S. Congress is considering legislation that would treat what lawmakers call China's undervalued yuan currency as an export subsidy, a step that would give the U.S. Commerce Department increased ability to slap duties on Chinese goods. The U.S. House of Representatives is expected to pass the bill this week, but its future in the Senate is uncertain."

"'If we take this additional step, it's going to continue this downward spiral,' Tim Stratford, a former U.S. trade official who was part of a delegation visiting Washington from the American Chamber of Commerce in Shanghai, told reporters. The American Chamber of Commerce in Shanghai bills itself as the 'voice of American business' in China. Its board of governors includes top company officials from the Chinese operations of Citibank, FedEx, Goodyear Tire & Rubber, APCO Worldwide, Corning and General Motors."

Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net. Golden Networking has been frequently featured in the press, including recent articles in The Wall Street Journal, "Happy Hour for High-Frequency Trading", The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections", Los Angeles Times, "Speed-addicted traders dominate today's stock market", Reuters, "Revamp looms as trading experts huddle at SEC" and Columbia Business School's Hermes Alumni Magazine, "10 Under 10".

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