China has warned of reprisals against the United
States if the US Congress adopts a bill raising tariffs
on imports from the China.
foreign ministry spokesman Qin Gang told newspersons
in Beijing," China has always held the view that
China-US trade relations must reflect the interests
of both sides and therefore require efforts from both
warned that the passage of the bill could lead to higher
tariffs on imports from China."If this happens,
relevant Chinese authorities will have to respond in
trade volume between China and the US reached $263 billion
in 2006. Some American policymakers blame the China
for keeping its currency artificially low for the rising
US trade deficit with China.
urged the US not to politicise the trade issue between
the two countries, saying, "Domestic problems in
the Unites States should not be blamed on China-US economics
and trade. The two sides should resolve the bilateral
trade disputes on the basis of mutual respect and equal
negotiation, taking each other''s concerns into consideration."
regard to the currency exchange rate, Gang said the
Chinese Yuan''s exchange rate should reflect the economic
conditions in China and be conducive to the development
of the Chinese and the global economy. "Reforms
to the Renminbi exchange rate are ongoing in order to
better reflect market demand and supply, not to obey
an order from the Capitol Hill," he said.