quinta-feira, 30 de setembro de 2010

China: U.S. bill on yuan would hurt both countries


New York (CNNMoney.com) -- China on Thursday urged the United States to resist protectionism and avoid damaging both nations' economies, following the U.S. House's passage of legislation designed to combat Beijing's manipulation of currency.
"We firmly oppose the U.S. Congress approving of bill. Exercising protectionism only severely damages the relationship and have negative impact on both economies and the global economies," said Jiang Yu, spokeswoman for China's Ministry of Foreign Affairs.
"We have made our position clear to the U.S. side," she said, when asked whether China planned any retaliatory measures.
The House of Representatives approved the legislation on Wednesday, saying that China's moves result in unfavorable trade conditions for the United States.
The legislation, which authorizes the Commerce Department to impose duties on imports from countries with undervalued currencies, passed by a vote of 348-79.
CNN