China urges US to avoid harming trade, not to pursue protectionism

(Xinhua)

08:24, September 15, 2011

BEIJING - China on Wednesday urged the United States not to make excuses for protectionism with regard to a proposed bill that would push for the appreciation of Renminbi, China's currency.

"It is in our common interests to maintain the sound and stable development of China-US trade relations. We urge some US senators to realize the importance and reciprocal essence of the relations and not to make excuses for protectionism and avoid harming trade cooperation," said Foreign Ministry spokeswoman Jiang Yu.

She made the remarks while commenting a new bill to be pushed in the coming weeks by the US Senate to press the RMB's appreciation.

"We have made it clear many times our stance on promoting the reform of the RMB's exchange rate formation mechanism," Jiang said.

China moved from a conventional dollar-peg system to a managed floating exchange rate system in 2005.

Increases the bookmark

• twitter
• facebook
• Sina Microblog
• digg
• Google
• Delicious
• buzz
• friendfeed
• Linkedin
• diigo
• reddit
• stumbleupon
• Qzone
• QQ Microblog

Related Reading

1. WTO ruling subtle support of protectionism
2. World's largest economies largely keep pledges to avoid protectionism: UN report
3. Protectionism cuts U.S. or China
4. China warns against rise of trade protectionism
5. China is major target of trade protectionism
6. UN trade official urges curbs on protectionism to avert double-dip recession
7. China worried over proposed changes in US trade remedies
8. Chinese academics: Protectionism burdens China's exporters

Leave your comment0 comments

Weekly review

1. China issues white paper on peaceful development
2. New western colonialism emerges in Libya
3. Opinion: China's economy has landed, safely
4. 9/11 marked turning point in world landscape
5. Beijing orders thorough probe into oil spills
6. Why were we too slow responding to Bohai oil spill?
7. No date for fully convertible yuan
8. The week in pictures