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China calls Trump's charge of currency devaluation contradictory

IANS  |  Beijing 

on Tuesday said accusations by American that allegedly devalued its currency contradicts a semi-annual report by the

"We have seen these reports and we have also noted the twice yearly report by the Treasury Department of the US and it seems that the US is sending out confusing signals," said during a press conference here.

Hua added that will continue with its reforms to come up with mechanisms to counter the flip-flops in foreign currency exchange rates.

A report from last week had said that did not manipulate its currency in the second half of 2016.

"and China are playing the Currency Devaluation game as the US keeps raising interest rates. Not acceptable!" Trump had tweeted on Monday.

--IANS

ksk/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 16:00 IST
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