China criticizes U.S. Treasury official’s yuan remarks as groundless By EconomySquare

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© Reuters. Illustration picture of a China yuan notice

BEIJING (Reuters) – China’s Overseas Ministry on Tuesday mentioned remarks by a U.S. Treasury official concerning the yuan’s depreciation have been groundless and irresponsible.

China is not going to use the yuan change price as a device within the commerce dispute with america, Overseas Ministry spokesman Lu Kang advised reporters in an everyday briefing.

On Monday, a senior U.S. Treasury official mentioned america stays involved about China’s current yuan depreciation and is intently monitoring yuan developments.

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