BEIJING (Reuters) - Chinese officials reacted coolly on Thursday to a vow by President U.S. Barack Obama to get much tougher with China over the yuan's exchange rate, which Washington believes is artificially undervalued.
The government had no immediate official comment, but Li Jian, a researcher with a think tank under the Ministry of Commerce, said Beijing was unlikely to change its currency policy in response to pressure from Washington.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!