Warning: Yuan bill to spark trade war
By Wu Jiao and Cui Haipei | China Daily | Updated: 2011-10-11 08:03
US Senate set to vote on legislation that endangers economic recovery
BEIJING - China warned the United States on Monday of a trade war if Congress passes a bill pressuring Beijing to appreciate the yuan. The warning came a day before US lawmakers are set to vote on the bill.
Vice-Foreign Minister Cui Tiankai reiterated Beijing's opposition to the bill and said that it will hamper global economic recovery and further hurt US jobs growth.
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