China’s Foreign Min: China won't resort to Yuan depreciation for competitive purposes in trade
|The Chinese media came out with a story, citing the recent comments from a spokesman for China's Foreign Ministry following the reports that the US is pressing China to keep the Yuan stable as part of a trade agreement.
The Chinese Foreign Ministry spokesman noted that the country will not use the Yuan’s exchange rate as a bargaining chip to resolve trade disputes with the US.
Additional Comments:
China won't resort to currency depreciation for competitive purposes in trade.
Hopes the US can respect market rules and not politicize currency issues.
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