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China hits back at US over trade | China hits back at US over trade |
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China has hit back at the US a day after President Barack Obama promised to take a tougher line with Beijing over trade. | China has hit back at the US a day after President Barack Obama promised to take a tougher line with Beijing over trade. |
Chinese foreign ministry spokesman Ma Zhaoxu accused the US of "wrongful accusations and pressure", AFP reports. | Chinese foreign ministry spokesman Ma Zhaoxu accused the US of "wrongful accusations and pressure", AFP reports. |
Mr Obama told Democratic Party senators he would put "constant pressure" on China and other countries to stick to their side of trade agreements. | Mr Obama told Democratic Party senators he would put "constant pressure" on China and other countries to stick to their side of trade agreements. |
Ties between the US and China have been strained over an arms deal with Taiwan. | Ties between the US and China have been strained over an arms deal with Taiwan. |
Reports of Chinese cyber attacks on US-run websites and a planned visit to the US by the Dalai Lama have also worsened relations. | Reports of Chinese cyber attacks on US-run websites and a planned visit to the US by the Dalai Lama have also worsened relations. |
At a meeting with Senate Democrats, Mr Obama was asked whether the US would cut ties with Beijing over continuing trade disputes. | At a meeting with Senate Democrats, Mr Obama was asked whether the US would cut ties with Beijing over continuing trade disputes. |
He said he would continue to make sure that China and other countries abided by trade agreements, but warned it would be a mistake for the US to become protectionist. | He said he would continue to make sure that China and other countries abided by trade agreements, but warned it would be a mistake for the US to become protectionist. |
"The approach that we're taking is to try to get much tougher about the enforcement of existing rules, putting constant pressure on China and other countries to open up their markets in reciprocal ways," he said. | "The approach that we're taking is to try to get much tougher about the enforcement of existing rules, putting constant pressure on China and other countries to open up their markets in reciprocal ways," he said. |
"But what I don't want to do is for us as a country or as a party, to shy away from the prospects of international competition. | "But what I don't want to do is for us as a country or as a party, to shy away from the prospects of international competition. |
Mr Obama also said foreign exchange rates would be checked to ensure countries were not giving themselves an unfair advantage against the dollar. | |
But Mr Ma said on Thursday that the value of the Chinese yuan was not the main reason for the country's trade surplus with the US. | |
He said that the yuan was at a reasonable level. |