By Jason Miks
China has warned that the bill over its alleged currency manipulation, which has just passed the US Senate, risks triggering a trade war between the two nations.
‘Should the proposed legislation be made into law, the result would be a trade war and that would be a lose-lose situation for both sides,’ said Vice Foreign Minister Cui Tiankai of a bill that supporters say would force China to revalue the Yuan and so help bring jobs back to the United States. ‘It would be detrimental to the development of economic ties and might have an adverse impact on bilateral relations.’
Read the full story at The Diplomat