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Sunday, 2 October 2011

China state media takes aim at U.S. currency bill - Yahoo! Singapore Finance

China state media takes aim at U.S. currency bill - Yahoo! Singapore Finance

1 comment:

RAYLOKE said...

Xinhua said in the commentary the only "innovative" element in the bill was to tie "currency manipulation" directly with "trade subsidies" and thereby make it easy for U.S. companies to wage a trade war against China.

Xinhua reiterated China's long-held stance that the exchange rate was not to blame for the trade imbalance between the two counties or unemployment in the United States.