From The Standard:
The mainland said a threatened US bill giving it six months to revalue the yuan would be the wrong way to handle the sensitive issue.
“We believe this is not a way to resolve differences,” foreign ministry spokesman Kong Quan said Thursday.
“Every country’s economic and financial policies are implemented and established based on the country’s specific situation.”
A least a dozen US senators are said to have agreed to co-sponsor the bill which would give China “a window of 180 days” to revalue the yuan or face a 27.5 percent tariff on all mainland manufactured goods entering the United States.
