China Economy Weekly: Sino-US Economic Ties; Exchange Rate Moves; Beijing Stake in US Gas and Oil
Friday, October 22, 2010 at 6:38
China Rejects US Clean Energy Probe: China's Ministry of Commerce has hit back on Sunday at US plans toinvestigate its clean energy policies, calling the move "groundless and irresponsible".
The US move against China's clean energy sector came on the same day that the US Treasury Department postponed, for at least a month, a report on whether China is manipulating its currency for an unfair trade advantage.
The US Treasury said it was withholding its semi-annual report on foreign exchange rate practices until crucial summits are held in November, giving diplomatic pressure on China more time to achieve results.
VP Erges Closer Financial, Economic Ties with US: Chinese Vice President Xi Jinping pledged Wednesday to enhance bilateral ties with the United States while urging closer financial, economic and trade cooperation between the two nations.