China threatened trade war with U.S.

Beijing threatened to make war trade policy with the United States to oppose the bill currency manipulation has been the U.S. Senate approved yesterday.

The bill to reform the system monitor exchange rate between the renminbi (yuan) and the USD, the U.S. Senate passed today are doing more complex economic relationships between Beijing and Washington already much confusion. People's Bank of China warned that the U.S. move could trigger a trade war between the two countries.

The risk of trade war the U.S. - China.

"Work on the U.S. Senate not only help reduce the trade deficit and unemployment rate of this country but it also seriously affect the whole process to reform the yuan exchange rate of China , and potentially cause a trade war between the two governments, which are not mutually desired, "China's central bank said.

The new bill recently passed the U.S. Senate called Reform Act Monitoring Exchange in 2011. This Act allows the U.S. government imposed high tariffs on Chinese goods imported into the U.S. market to punish Beijing for alleged deliberately raise the yuan exchange rate to benefit from the competition.

China thinking that they are trying to enhance the value of the yuan but not increase too quickly, because it shocked the country's economy. Meanwhile, the U.S. considers China's actions are not significant and was constantly urged Beijing to create favorable conditions to enhance the competitiveness of American goods in the market and abroad.