US delays China currency report

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  • xman
    Admin
    • Sep 2006
    • 24007

    US delays China currency report

    </span> Countries including the US have accused China of keeping the yuan artificially low
    The US should not use the weak yuan as a "scapegoat" for its own economic problems, a Chinese government spokesman has said.

    At a regular briefing, commerce ministry spokesman Yao Jian said China would continue to reform its currency policy, but at its own pace.

    Later the US government is expected to release a report which could officially brand China a "currency manipulator".

    Despite criticism, the US has so-far stopped short of that formal move.

    This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.


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