China's state newspaper on Tuesday slams the U.S. for 'deliberately destroying international order,' one day after Washington branded Beijing a currency manipulator.
— it was the first such designation in 25 years, when China was named a currency manipulator in 1994.
In an op-ed on Monday, before Washington's latest move, Chinese state-owned paper Global Times said the U.S. government "needs to stop fantasizing about a China surrender brought on by extreme pressure." For the U.S. and China to "establish a trade relationship conducive for a win-win result," both sides must be considerate and honest, said the op-ed. Beijing will "not hesitate to take necessary countermeasures" if pushed, Global Times said., while the offshore yuan traded at 7.0807 against the greenback.
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