Foreign and Military Affairs
China urges US to avoid harming trade, not to pursue protectionism
Updated: 2011-09-14 18:04
(Xinhua)
BEIJING - China on Wednesday urged the United States not to make excuses for protectionism with regard to a proposed bill that would push for the appreciation of Renminbi, China's currency.
"It is in our common interests to maintain the sound and stable development of China-US trade relations. We urge some US senators to realize the importance and reciprocal essence of the relations and not to make excuses for protectionism and avoid harming trade cooperation," said Foreign Ministry spokeswoman Jiang Yu.
She made the remarks while commenting a new bill to be pushed in the coming weeks by the US Senate to press the RMB's appreciation.
"We have made it clear many times our stance on promoting the reform of the RMB's exchange rate formation mechanism," Jiang said.
China moved from a conventional dollar-peg system to a managed floating exchange rate system in 2005.
E-paper
Way over the moon
High inflation rockets mooncake prices out of orbit for mid-autumn festival
From death matches to child's play
Tomb raiders remain a menace
Kicking for joy
Specials
Singing success
Western musicians bring much-needed impetus to live performance industry
Salary bonanza for bosses
Top boss gets 8.78 million euros a year, far more than the State enterprise CEO with highest pay
Kicking for joy
Swedish college student represents China in Taekwondo championships