China hits back at US over Obama trade comments

CHINA hit back at the US yesterday after President Barack Obama vowed to get tougher with the Asian giant on trade and currency, stoking tensions already high over Taiwan and Tibet.

Obama hinted he would take Beijing to task over the strength of its yuan currency, responding to growing discontent in Congress over Chinese monetary policy as the US economy makes an uncertain recovery.

“Wrongful accusations and pressure will not help solve the issue,” foreign ministry spokesman Ma Zhaoxu told reporters when asked about the comments.