China hits back at Obama over currency policy | WHAT REALLY HAPPENED


China hits back at Obama over currency policy

China on Friday hit back at an attack from US President Barack Obama over currency policy, saying the yuan's value was not a political one and was not the key to global trade imbalances.

Mr Obama on Thursday called on China to adopt a "market-oriented" exchange rate policy, increasing the pressure on Beijing to allow the yuan - effectively pegged to the dollar since mid-2008 - to appreciate.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA