Paid advertising at What Really Happened may not represent the views and opinions of this website and its contributors. No endorsement of products and services advertised is either expressed or implied.

 

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.

Log in
to vote
0
Submitted by suman on Fri, 03/12/2010 - 08:25
Tags:

Comments