lunes, 17 de octubre de 2011

China lambasts US Senate currency bill

Zhu Shanshan
GLOBAL TIMES

China lambasts US Senate currency bill

Beijing on Wednesday slammed a currency bill passed by the US Senate targeting China's yuan policy, saying the "protectionist" legislation would harm Sino-US ties and the global economy as a whole.

"The bill cannot solve unemployment or other economic problems in the US. It is essentially practicing trade protectionism by making an accusation of currency manipulation, which is a serious violation of World Trade Organization (WTO) rules," China's Ministry of Foreign Affairs spokesman Ma Zhaoxu said.

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