Reply #54: China business group to rethink US investments after FX bill

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http://economictimes.indiatimes.com/news/international-business/china-business-group-to-rethink-us-investments-after-fx-bill/articleshow/10342002.cms

BEIJING: China's largest business group said on Thursday that it would rethink the investment environment in the United States after the US Senate approved a controversial bill aimed at making Beijing lift the value of the yuan.

The comments by the China Chamber of International Commerce, which represents over 70,000 Chinese large trade firms and investors, echo the angry diatribe from other Chinese government bodies on Wednesday after the bill was passed.

China has urged the Obama administration to stymie the bill, labelling it "protectionist".

"We have always supported our members to invest in the United States...but the bill has forced us to reconsider the investment environment in the United States," the business group said in a statement.