China Says Yuan Calls ‘Unwise’ in Response to Obama
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U.S. finger-pointing at the yuan’s exchange rate is short-sighted and unwise, China’s foreign ministry said in response to comments by President Barack Obama.
“A number of discordant voices in the U.S. have recently pointed to the renminbi exchange rate, and suggested all possible ways to push for its appreciation,” spokeswoman Jiang Yu said in a statement on a government website today. “This is unwise and shortsighted.”