United States Politicizing Yuan Revaluation – China Says

The Chinese Foreign Ministry Spoke person Qin Gang said that politicizing the issue of Yuan revaluation would not help to solve US economic distress.

The statement came as there is continuous pressure being put on President Barack  Obama by the Law Makers in US to keep pressurizing China to revalue its currency. As per US Law makers the Chinese currency is undervalued & is giving undue benefit to Chinese Producers due to weak currency & there should be additional tarrif levied on imports to even out this advantage.