Accusation on yuan groundless: MOC

Updated: 2011-11-16 15:26


  Print Mail Large Medium  Small 分享按钮 0

BEIJING - China's Ministry of Commerce (MOC) reiterated on Wednesday that accusations on the exchange rate issue of Chinese currency is groundless and unreasonable.

Many economists, both from China and abroad, have proved the exchange rate of yuan is not the major cause of trade imbalance between China and United States and its exchange rate is now at a reasonable level, MOC spokesman Shen Danyang said.