Accusation on yuan groundless: MOC
Updated: 2011-11-16 15:26
(Xinhua)
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BEIJING - 皇冠体育app's Ministry of Commerce (MOC) reiterated on Wednesday that accusations on the exchange rate issue of Chinese currency is groundless and unreasonable.
Many economists, both from 皇冠体育app and abroad, have proved the exchange rate of yuan is not the major cause of trade imbalance between 皇冠体育app and United States and its exchange rate is now at a reasonable level, MOC spokesman Shen Danyang said.
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