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Senate panel sets hearing on China yuan policy

WASHINGTON (Reuters) - A Senate Banking subcommittee will hold a hearing on Thursday to examine the impact of China's exchange rate practices on U.S. manufacturing, the panel said on Tuesday.

Senator Sherrod Brown, an Ohio Democrat who has pressed President Barack Obama's administration to formally label China as a currency manipulator, will chair the hearing.

Brown also is co-sponsor of a bill threatening China with tariffs on some of its exports if it does not significantly revalue the yuan. The committee will hear from steel and other industry groups, as well as academic witnesses.

(Reporting by Doug Palmer; Editing by Chizu Nomiyama)