Money Markets
China says yuan not cause of big US trade surplus
Counting yuan notes. China has denied the trade surplus with the US is caused by the yuan exchange rate. Photo/REUTERS
By REUTERS
(email the author)
Posted Wednesday, March 17 2010 at 00:00
Posted Wednesday, March 17 2010 at 00:00
The United States’ annual trade gap with China fell to $226.8 billion in 2009, down from a record $268.0 billion in 2008.
But with the Obama administration keen to lift exports and employment, the deficit remains a point of friction between the two powers.
RSS