Facing the world currency war Geithner insists denied the yuan is undervalued.

<P> Published Oct. 14, according to the "Global Times" reported that the U.S. and other Western countries have recently frequently to China to put pressure on the RMB exchange rate, so that the currency war, trade war, heard to say. .However, the Chinese launched an attack to keep the lead of the U.S. Treasury Secretary Timothy Geithner is 12, said he saw no risk of a global currency war. .</ P> <P> Reuters on the 12th, Geithner said in an interview, not the outbreak of the currency war, "there is no such risk." .Geithner also continue to pressure China on currency. .He said that if China continues to keep the yuan undervalued, contrary to its economic development efforts, is not conducive to achieving basic development goals. .He also said the yuan currency undervalued to other emerging economies is not fair. ."Because the Chinese currency undervalued currency, currencies of other countries rise, they must be very hard to get rid of an unfair disadvantage. Therefore, this issue is not only imperative the United States, other countries are also very important. This is a global problem .. "</ P> <P> Geithner acknowledged that the past few weeks has been more substantial appreciation of the yuan, saying it was a gradual process. .He did not touch on is scheduled to be issued this Friday whether the U.S. financial report accusing China of currency manipulation. .At this point he has said China as a currency manipulator will not have a good effect, because China is still in negotiations. .</ P> <P> constant reports about the recent currency war, trade war argument. .13, according to Agence France-Presse reported that Germany's visiting Minister of Economy and Technology Bruderle warned that the world faces the risk of trade war. .He also repeatedly criticized the United States criticized China's currency policy put forward, said the U.S. erred in not trying to control Washington, their own problems, the lack of competitiveness. .CNN13 reported that the global currency war fears rise further, the latest evidence is that foreign holders of bonds will be taxed in Thailand. .</ P>.