Su Ning criticises US currency claim
24-01-2009
A Vice governor of the People's Bank of China, Su Ning, has denounced US accusations that the bank manipulates the yuan as "misleading". US Treasury Secretary-designate, Timothy Geithner, earlier claimed that President Barack Obama believed Beijing controlled its currency fluctuation. But Mr Su said the comments were not factual and were misleading in analysising the causes of the global financial crisis. He added that the international community should not make excuses for encouraging trade protectionalism, and should instead focus on tackling the financial crisis.
