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
Related Articles
Business
US-China Policy Coordination Matters
Business
Mr. Geithner Goes to China
Business
Leave a Reply