China calls President Obama to block “harmful” currency bill

China has urged the Obama administration to block a controversial currency bill aimed at putting pressure on the country to appreciate the yuan.

The bill is a protectionist step that “gravely violates World Trade Organization rules,” Foreign Ministry spokesman Ma Zhaoxu said yesterday after the US Senate approved it in a 63-35 vote and sent it to House of Representatives.

Ma said the move was “harmful and unbeneficial.”

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Categories: China, United States

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