Chinese Foreign Ministry has asked the U.S. to focus on maintaining the stability of the dollar

China's foreign ministry appealed to the U.S. government to concentrate on restoring the national economy after the financial crisis and efforts to stabilize the dollar. This statement was made in response to nestihayuschuyu criticism of the authorities of the United States of America to the Chinese legislature, exercising tight control over the fluctuations of the yuan. "Since the U.S. is not too wise to point the finger at the RMB exchange rate and seek to strengthen it", - said in a statement today the Ministry, reports Reuters. The paper also notes that the yuan against the dollar is hardly grow significantly, but even more powerful China's currency would not be able to balance observed in the present US-China trade imbalance.

Yuan strengthened nine days in a row against the discontent of the U.S. government monetary policy of the Chinese authorities.

Recall, 19 June, a week before the summit, G20, which was held in Canada on June 26-27, People's Bank of China announced a return to the reform of exchange rate policy, suspended in mid-2008, against the backdrop of the global financial crisis. Bank of China said it would make exchange rate more flexible, which could mean a gradual revaluation of the yuan - is this from Beijing, Washington is seeking for a long time. However, since the national currency of China grew only by 0,6%. For this reason, many U.S. lawmakers insist that the government should stop such a tight control exchange rates and allow the yuan to strengthen. Some politicians promote trade sanctions against the yuan.

We also note that in September, the U.S. asked the World Trade Organization (WTO) to assist in resolving the trade dispute with China. According to statements by U.S. representative at the negotiations in the WTO Ron Kirk, Beijing artificially creates a disadvantage for American companies that supply to China from the U.S. ploskokatanuyu electrical steel, as well as companies providing services in the electronic payments market.

Meanwhile, governments of both countries are equally dissatisfied with conditions of access to national markets for steel, tires, movies and other goods. Not long ago, American authorities have increased the duties on imports of Chinese aluminum production, after China's opponents raised the VAT on manufactured in the United States bird.

Over the past few years, Chinese companies have invested billions of dollars, with major capital flows were directed to the development of mining and oil assets in Africa, Central Asia and other regions. The growing presence of Chinese companies in the world market has caused discomfort in some countries, hastened to partially block the access of public enterprises from China in the strategically important industry.