Asked what measures China would adopt if the Treasury Department declared it a currency manipulator, Chinese Commerce Minister Chen Deming said China would not sit idly by and reiterated Premier Wen Jiabao's statement a week ago denying that the yuan was undervalued.
The trouble with "it's our currency, but it's your problem" philosophy is that at some point the line of credit gets called in. This is a dangerous game of hubris that few are willing to recognize.
Source: finance.yahoo.com
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