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China sees U.S. stoking Brazil and India anger over yuan

February 13, 2011 Comments off

By Zhou Xin and Koh Gui Qing

BEIJING (Reuters) – The United States has incited Brazil and India to criticize China’s currency policy, but Beijing need not worry too much because it can defuse the tension through talks, a series of Chinese government advisers told Reuters.

Independent analysts warned, however, that a belief that Brazil and India are doing Washington’s bidding and are not truly aggrieved could make Beijing complacent and undermine fledgling ties between the emerging powers.

Increasingly widespread calls for a stronger yuan are awkward for China, which is accustomed to facing U.S. pressure over its tightly controlled exchange rate but has long tried to cast itself as the natural ally of other developing nations.

Brazil and India are unlikely to be any more successful than the United States in persuading Beijing to permit faster appreciation, researchers in Chinese government think tanks said.

“They must realize that the root of problem is not China but Read more…