BEIJING: China stepped up resistance Friday to U.S. pressure over currency, calling on Washington to cool its "politicization and emotionalization" of the issue and warning a further rise in its yuan could drive exporters out of business.
Beijing is trying to head off pressure from U.S. lawmakers for President Barack Obama to have China declared a currency manipulator in a Treasury Department report due out next month, which could set the stage for possible trade sanctions.
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