China opposes US bill on foreign currency reform

China opposes legislation passed by the US House of Representatives on Wednesday to penalize countries that to use their currency values for advanced trading. China urged US lawmakers to consider the importance of Sino-US trade and avoid harming the interests of the people of China, the United States, and the world. On the other hand, any actions to against China with the excuse of RMB exchange rate would seriously damage Sino-US trade and badly affect the economic of both countries and the world.