| From Independent: China has warned US lawmakers they are playing with fire by promoting a new law to impose trade sanctions on the country over their currency dispute. The Chinese authorities yesterday lashed out at Congressional moves they said amounted to protectionism, raising the temperature ahead of several important international summits.
The latest developments in the dispute over the value of the renminbi, which US politicians say is being held artificially low to give Chinese exporters a competitive edge, comes in the same week that Brazil's finance minister said countries were engaged in a dangerous "international currency war", designed to boost their own economies with undeclared, gradual, beggar-thy-neighbour devaluation..............................................Full Article: Source
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