| www.euronews.net China on Tuesday warned the United States of a trade war if it passes a bill aimed at punishing Beijing for allegedly undervaluing its currency. The Chinese foreign ministry criticised the proposals as "protectionist" after the US Senate agreed to debate the bill later this week. "By using the excuse of a so-called 'currency imbalance', this will escalate the exchange rate issue, adopting a protectionist measure that gravely violates WTO rules and seriously upsets Sino-US trade and economic relations," said foreign ministry spokesman Ma Zhaoxu. |
