China Rejects U.S. Complaints on Its Currency

By EDWARD WONG and MARK LANDLER

Article Summary

The sharp exchange over China is only the latest symptom of growing tension in U.S. relations with China. On economic issues, Chinese officials now regularly lecture their American counterparts about the need to preserve the value of the U.S. dollar. China, which has more than $ 2.4 trillion of currency reserves, is the largest holder of U.S. debt. On Wednesday, Xinhua, the official state news agency. The official state news agency said Chinese economists were concerned that the U.S. government, is suffering from record budget deficits, can print more ...