Trade with US to rise as strain eases

Trump statement that Beijing does not manipulate its currency boosts ties

China is willing to push forward the development of more balanced economic and trade ties with the United States, the Foreign Ministry said on Thursday in response to US President Donald Trump's decision to not label China as a currency manipulator.

"We have no intention to stimulate exports by devaluing the currency, and there is no basis for a continuous devaluation of the renminbi," ministry spokesman Lu Kang said at a regular news conference.