China tells the U.S.: Don't Blame The Yuan, Blame Globalization

[bobbyw24]

Chinese officials are closing the ranks when it comes to the nation's yuan exchange rate policy -- the currency will only be adjusted when China is ready and when it is in their interest.


Moreover, the yuan isn't to blame for America's economic problems according to commerce spokesman Yao Jian.

The trade deficit is a natural outcome of the globalization process:

http://www.businessinsider.com/chin...ont-blame-the-yuan-blame-globalization-2010-3