Foreign Ministry: the appreciation of the yuan will not solve the U.S. deficit in trade with China

Appreciation of the national currency of China did not solve the problem of the U.S. deficit in trade with China. According to ITAR-TASS news agency, a position expressed at the briefing, Foreign Ministry Spokeswoman Jiang Yu.

Her words came in response to a request by journalists to comment on the recent statement by the head of U.S. Treasury Secretary Timothy Geithner that the revaluation of the yuan is too slow.

"The appreciation of national currency does not solve the problem of the U.S. trade deficit and the issue of unemployment in the country - said Jiang. - Sino-US economic and trade cooperation is mutually beneficial. "

"With regard to existing problems, China has always advocated for their decision on the basis of equal consultation," - she said. Pressure, stressed the representative of the Chinese Foreign Ministry, not only will allow the existing difficulties, but also lead to the opposite result.

RMB exchange rate - one of the most acute problems in the relationship between the U.S. and China. The position of the American side, the course of China's currency is strongly underestimated, which leads to the formation of the huge U.S. deficit in trade with China.
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