A week after Prime Minister Wen Jiabao ended the National People's Congress (NPC) by publicly ruling out the possibility of appreciation of the yuan, the latest mainland data show why Beijing is digging in its heels. Commerce Minister Chen Deming, who will lead a mission to Washington ahead of the 15 April US Treasury determination on whether China is a currency manipulator, has warned that China will retaliate if it is found guilty and subjected to trade sanctions. To buttress his case,...
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