China reaffirms position over yuan bill passed by US Senate
Updated: 2011-10-19 15:47
(Xinhua)
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BEIJING -- The Ministry of Commerce (MOC) on Wednesday reiterated its position over the new bill passed by the US Senate to add pressure on China's currency policy making.
"The US Senate's move to force its trading partner's currency to appreciate through the passing of law is in violation of international rules and the country's obligations to the world," said MOC spokesman Shen Danyang at a press conference here.
Shen said the move will not only hurt the mutually beneficial relations between China and the US, but also hurt the long-term interests of the peoples of the two countries.
"If the US continues to go down the path, China will have to take further actions," Shen said. "China hopes the US doesn't turn an economic problem into a political one and doesn't force others to take medicine when the country itself is suffering an illness."
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