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BEIJING - China Thursday reiterated that the appreciation of the Chinese currency, or Renminbi, will not help to balance Sino-U.S. trade nor resolve unemployment problems in the United States.
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Jiang's remarks came in response to U.S. Treasury Secretary Timothy Geithner's reported criticism of China's exchange rate policies.
Saying Sino-U.S. economic and trade cooperation was mutually beneficial, Jiang reiterated that China had consistently advocated properly handling problems in bilateral economic and trade relations through equal consultation.