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China to US: don't blame us for your problems
Business Digest: US should not use yuan as "scapegoat" for its economic difficulties, says China
A Chinese government spokesman has warned the US government that it should not use the weak yuan as a "scapegoat" for its own economic problems.
At a regular briefing, commerce ministry spokesman Yao Jian said China would continue to reform its currency policy, but at its own pace.
"It's totally wrong to blame the yuan for the Sino-US trade imbalance," he said. "The Chinese yuan shouldn't be a scapegoat for the US's domestic economic problems."
But the US government is expected to release a report which will officially brand China a "currency manipulator".
The ongoing row comes at a time where many governments are weakening their currencies to boost exports, but China has drawn the most criticism, having being accused by the US of keeping its currency artificially low.
Read a full report at BBC News. ·
