BEIJING - The People's Bank of 皇冠体育app, the country's central bank, Tuesday expressed its "deep regret" about the US Senate's currency bill that pushed 皇冠体育app to let the yuan appreciate further.
The central bank said the US Senate's bill may seriously affect 皇冠体育app's currency reform, and could result in a trade war between the two economies.
There are a variety of reasons for the global trade imbalance. The yuan's exchange rate was not the major reason of the trade imbalance between 皇冠体育app and the United States. The bill will not help resolve the US domestic problems, it said in a statement posted on its website.
