Free Republic

China vows to hit back if targeted by U.S. on yuan By Langi Chiang and Ken Wills BEIJING (Reuters) – Beijing will retaliate if the United States declares China a currency manipulator and imposes trade sanctions, Commerce Minister Chen Deming said on Sunday, firing the latest salvo in a spat over the value of the yuan. Chen again accused Washington of politicizing the issue ahead of an April 15 deadline for the U.S. Treasury to rule whether China is unfairly holding down its exchange rate to gain a competitive edge in global markets. "The currency is a sovereign issue and...

U.S. Draft Bill to Punish China for Deporting N.Koreans With China’s deportation of North Korean defectors to their Stalinist homeland looming like a black cloud over Seoul-Beijing ties, some U.S. lawmakers and activists are drawing up a bill to impose trade sanctions on China unless it stops the practice. Washington has warned Beijing of punitive measures if it continues to deport North Korean refugees but has so far taken no legislative action. Activists including the Coalition for Human Rights of Abductees and North Korean Refugees hold a press conference urging Bejing to stop repatriating North Korean defectors, in front...