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China’s Li ‘Gravely Concerned’ at U.S. Yuan Bill, Xinhua Says

China is gravely concerned about the potential passage of U.S. legislation letting companies seek duties to compensate for an undervalued yuan, Vice Premier Li Keqiang said, according to Xinhua News Agency.

Politicizing economic and trade issues can only harm China-U.S. ties and obstruct the global recovery, Li told visiting former U.S. Secretary of State Condoleezza Rice today, according to the state-run news agency.