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China says US legislation will harm American trade interests.
(From AFX Europe (Focus))
BEIJING (XFN-ASIA) - Beijing has noted the postponement of US legislation aimed at slapping sanctions on China for undervaluing its currency, and again cautioned against new measures, China's commerce ministry said on its website.
"We have noted the comments of Senators (Charles) Schumer and (Charles) Grassley," ministry spokesman Chong Quan said in a statement.
"To adopt trade restrictions or trade protectionism will only harm the bilateral interests of Sino-US trade relations and does not conform to the rules of the World Trade Organization.
"To maintain and develop the healthy and stable Sino-US trade relationship is in the interests of the two nations."
Chong was commenting on a decision by the congressmen on Thursday to hold off until next ...
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