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China Rebuffs US Vow on Bilateral Trade Issues བོད་སྐད།


China is dismissing U.S. President Barack Obama's pledge to take a tougher stance toward the Asian economic power over trade and currency issues.

A spokesman for China's Foreign Ministry Ma Zhaoxu told reporters Thursday that "accusations and pressure" will not help solve the problem, which has contributed to China's massive trade surplus with the United States.

Mr. Obama told a group of lawmakers from his own Democratic Party Wednesday that his administration plans to put "constant pressure" on China and other countries to open their markets in reciprocal ways.

U.S. manufacturers have also complained for years about Beijing's tight manipulation of its currency, saying it gives an unfair pricing advantage to Chinese manufacturers when they sell their goods overseas.

Beijing has rejected calls to revalue its currency.

The Foreign Ministry spokesman said Friday that the exchange rate is not the cause of the trade deficit between the two countries, and expressed hope that the U.S. will view trade and currency issues "in a balanced and fair light."

Bilateral relations have been strained in recent weeks, starting with claims of Chinese cyber attacks on U.S. Web sites, including Google. U.S. arms sales to Taiwan and President Obama's plan to meet with Tibet's exiled spiritual leader, the Dalai Lama, have strained ties further.

Beijing is angry over the recent $6.4-billion arms deal between Washington and Taiwan, the self-ruled island that China considers as part of its territory.

Mr. Obama also says he plans to follow through with his pledge to hold talks with the Dalai Lama, despite China's displeasure. The Chinese Foreign Ministry spokesman said Wednesday his government "resolutely opposes" such a meeting.

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