China rebuffs US over Yuan criticism

An adviser to China's central bank has rebuffed criticism from the US over Beijing's exchange rate policy.

In a speech in Beijing, Li Daokui said China "will not appreciate the yuan solely because of external pressure".His comments follow strong criticism in America that the yuan is significantly undervalued, damaging US exports.

Last week US Treasury Secretary, Timothy Geithner, said he was considering ways to press China to let the yuan appreciate. In June, after months of pressure from the US, China pledged to relax its grip on its currency.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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