DENVER
05/25/2010 05:12 am ET | Updated May 25, 2011

China Cost Colorado 45,000 Jobs Since 2001: Economic Policy Institute

The U.S. trade deficit with China has cost Colorado more than 45,000 jobs since 2001, the Economic Policy Institute in Washington, D.C., estimates.

The EPI cites China's refusal to let its currency float freely, subsidies of certain industries and the suppression of labor rights as giving the country an unfair advantage.

"Unless China raises the real value of the yuan by at least 40 percent and eliminates these other trade distortions, the U.S. trade deficit and job losses will continue to grow rapidly in the future," study author Robert Scott warns.

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