US lawmakers risk “poisoning the atmosphere” with China through proposed laws aimed at the Chinese yuan, Xinhua news agency said yesterday, calling US Congress members “baby kissing” incompetents.
The commentary from Xinhua news agency was Beijing’s latest jab at members of the US Congress demanding legislation tackling what they say is China’s policy of keeping its currency artificially low against the US dollar.
One of the most vocal backers of such action, Senator Charles Schumer, a Democrat, said last week that he and other colleagues want a vote in the next two weeks on legislation to allow the use of anti-dumping and countervailing duty laws against China or any other country deemed to have a fundamentally misaligned exchange rate.
Late last month, China and the US avoided open contention over the yuan at high-level talks held in Beijing. The Xinhua commentary was not so polite.
“When they are manipulating the yuan debate, these American politicians may make some short-term political gains, but they put the long-term Sino-US bilateral relations in jeopardy,” the English-language commentary said. “These congressmen claim they are the white knights defending the interests of the American people, but in fact, they are nothing more than a bunch of baby-kissing politicians trying to swing voters by manipulating the yuan debate.”
The commentary repeated Beijing’s stance that the US’ trade deficit with China could not be blamed on the yuan. It said the US lawmakers were trying to divert public attention from “much more serious domestic economic problems, which are caused in part by their incompetence.”
Chinese government leaders have not used such strong words in opposing the proposed US legislation, but the commentary gave some hint of the acrimony that could erupt if bills targeting the yuan exchange rate move closer to becoming law.
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