Ministry Of Foreign Affairs: The US Should Not Politicize The RMB Issue.

Chinese Foreign Ministry spokesman Qin Gang reiterated 24 days. RMB rate The problem is not the main reason for the imbalance between China and the US. It is hoped that the US side will take a positive and constructive attitude with the Chinese side so as to push forward the steady development of the bilateral economic and trade relations rather than politicize the RMB issue.

Qin Gang made the above remarks at a regular press conference to answer questions about whether the RMB exchange rate and the upcoming summit of the group of 20 were related to the issue of exchange rate. He said, RMB rate The problem is not the main cause of Sino US trade imbalance. The main reason for the imbalance between China and the United States is the result of the adjustment of international industrial division under the background of globalization. The rise and fall of the RMB exchange rate can not fundamentally solve the Sino US trade imbalance. In addition, another major reason for the imbalance between China and the US is the US restrictions on exports of high-tech products to China.

"We believe that the appreciation of the renminbi can not solve the problem of Sino US trade imbalance, nor can it solve the problems of low domestic savings rate, debt consumption and unemployment in the United States. It is hoped that the United States will find more reasons for its own economic structure, rather than just criticizing and putting pressure on it. Qin Gang said.

He said that Sino US economic and trade relations are important to both countries and the world. China attaches great importance to this. The important principle that China holds in Developing Sino US economic and trade relations is mutual benefit and win-win. China does not deliberately pursue trade surplus with the United States. Over the years, it has been taking active measures to expand imports from the United States. These measures are remarkably effective.

"We hope that the United States and China will take a positive and constructive attitude to push forward the steady development of bilateral economic and trade relations instead of politicizing the RMB issue. On this issue, it is unreasonable to pressure and criticize blindly, and it is also harmful to others. Qin Gang said.