China on Tuesday expressed firm opposition to the U.S. Senate's bill on the Chinese yuan, after it voted to allow a debate on the so-called "currency manipulation" bill.
Such a move "seriously violates rules of the World Trade Organization and obstructs China-U.S. trade ties," Foreign Ministry spokesman Ma Zhaoxu said in a statement.
China urges certain U.S. Senators to "rationally understand Sino-US trade cooperation, which is mutually beneficial in nature, and stop pressuring China through domestic law-making," he said.
China calls on the United States to abandon protectionism or politicizing economic issues so as to create favorable environment for the growth of bilateral economic and trade ties, he said.
The U.S. Senate voted Monday (local time) to allow a debate on the bill that addresses so-called "currency manipulation" by China amid strong opposition from China and U.S. business groups.
For more: China "firmly opposes" US Senate's yuan bill
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