31.03.2010 - China's Chen says stronger Yuan can't solve trade gap

From Sfgate.com: Chinese Commerce Minister Chen Deming said increasing the value of the yuan won't overcome the lopsided trade with the U.S., and urged American policy makers to avoid confrontation. Yuan "appreciation cannot redress the trade imbalance," Chen said in an article e-mailed by the ministry, responding to U.S. lawmakers' call on the Obama administration to step up pressure on China to let its currency strengthen...................................Full Article: Source

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