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China urges more action conducive to trust, cooperation from U.S. candidates

(People's Daily Online)

08:33, October 18, 2012

Foreign Ministry Spokesperson Hong Lei held a press conference on October 17, 2012 (Photo/ Foreign Ministry of China)

BEIJING, Oct. 17 (People's Daily Online) -- A Foreign Ministry spokesman on Wednesday called on the U.S. presidential candidates to do more things conducive to mutual trust and cooperation, denying that China is a "currency manipulator."

Spokesman Hong Lei said at a daily press briefing that China's GDP ratio of current account surplus has gradually decreased, supply and demand in the foreign exchange market has gradually balanced and the exchange rate has also entered a state of equilibrium this year.

China will continue to promote the reform of the RMB exchange rate formation mechanism on the basis of the initiative, progressive and controllable principle, according to Hong.

"We hope the U.S. Republican and Democratic candidates will get rid of the impact of election politics and do more things conducive to China-U.S. mutual trust and cooperation," he said, stressing that this is also in line with U.S. interests.

U.S. Republican presidential candidate Mitt Romney repeated his pledge to declare China a "currency manipulator" if elected at his second debate with President Barack Obama on Tuesday.

Chinese products' intellectual property rights, Chinese companies' investment in the United States and some other issues regarding China have also become hot topics in the election.


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