Wen Jiabao Says China Doesn’t Pursue a Trade Surplus With US ‘Intentionally’

Chinese Premier Wen Jiabao said the yuan’s value isn’t causing the U.S. trade deficit with his country, rejecting President Obama’s assessment that China is keeping the currency cheap to aid exports. “There’s a trade imbalance between the U.S. and China, which is not something we want to see. China doesn’t pursue a trade surplus intentionally.” – Bloomberg

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