Bloomberg News

China’s PBOC Says It ‘Regrets’ U.S. Vote on Currency Bill

October 03, 2011

Oct. 4 (Bloomberg) -- The People’s Bank of China “regrets” the vote in the U.S. Senate yesterday that would let American businesses seek duties on Chinese imports, the central bank said in a statement on its website today.

China will continue to increase the flexibility of its currency in an “active, gradual and controllable manner,” according to the statement. China’s trade imbalance with the U.S. is not due to the value of the yuan, the bank said.

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To contact the editor responsible for this story: Stanley James at sjames8@bloomberg.net


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