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White House rejects request on RMB issue (15/11/04)

    The White House has rejected a request from 30 members of Congress, to bring China's currency issue before the World Trade Organization.

    In a statement, a spokeswoman for US Trade Representative Robert Zoellick said the Chinese government has already adjusted its financial policies.

    She said that elevating the matter to the WTO would not solve the problem. The congressmen accused China of manipulating its currency, to gain unfair trade advantages over the US.

 


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