The Differences Dividing The U.s. And China On Trade

By Author: Italo Zanotti
Total Articles: 62
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China rejects U.S. attack on trade, the latest chapter in a multi-pronged tension between the two giants of the earth, and claims that are "baseless" allegations of President Barack Obama artificially low exchange rate of Chinese currency.
Yesterday, Obama has promised a tougher trade policy against China, accusing it of keeping the yuan exchange rate at a level "not realistic" of devaluation against the dollar, with the result of "artificially inflating" the price of American goods in the market Chinese, "as reducing artificially the price of Chinese products on the American and beyond.
"The baseless accusations and pressures (by U.S.) will not help solve the problem," he said yesterday at a press conference, the Chinese Foreign Ministry spokesman, Ma Zhaoxu, responding to the statements of Obama.
The exchange rate of the yuan is at a reasonable level and China is not intentionally pursuing a trade surplus with the United States, "said Ma," We hope that the American side we consider (the issue) under a bright light and objective "added the spokesman.
China has always maintained control over their exchange ...
... rate policy and has always rejected the idea of adapting to the demands of its trading partners. The economic crisis has also affected the export of China, further strengthening the political stability of the yuan, which since the summer of 2008 is in fact pegged to the dollar.