Nation won't fold on RMB
By Xin Zhiming | China Daily | Updated: 2010-02-05 07:53

Analysts say a hasty appreciation of the yuan will be detrimental to China's economy
China yesterday urged the United States to "objectively and rationally" consider its renminbi exchange rate while economists said the country is not likely to bow to US pressure to hasten an appreciation of the yuan.
"China does not seek a trade surplus with the US," said Foreign Ministry spokesman Ma Zhaoxu yesterday.
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