BEIJING, March 12 (Reuters) - The United States should notmake a political issue out of the yuan, China"s deputy centralbank governor Su Ning said on Friday.
Su was responding to a question about remarks on Thursday byU.S. President Barack Obama, who pressed China to move to a"more market-oriented exchange rate". [ID:nN11216152]
Obama"s rare comment about the currency comes as hisadministration faces a decision over whether to label China a"currency manipulator" in a semiannual Treasury Departmentreport due on April 15.
Speaking on the sidelines of China"s annual session ofparliament, Su restated Beijing"s long-standing argument that astronger yuan exchange rate would not help to reduce thecountry"s trade surplus.(Reporting by Langi Chiang and Alan Wheatley; Editing by KenWills)
Currencies
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