A deputy commerce minister, Zhong Shan, has gone to Washington to meet with American trade, commerce and Treasury officials and members of Congress, the Commerce Ministry said. It said they would discuss the Sino-US trade gap and trade disputes.
Beijing faces demands by some US lawmakers for President Barack Obama to have China declared a currency manipulator in a Treasury Department report due out next month. That could set the stage for possible trade sanctions.
Critics say China’s yuan renminbi is undervalued by up to 40%, giving its exporters an unfair advantage and swelling its trade surplus.
Washington Post reported that a Commerce Ministry official, He Ning, told reporters, "A lot of problems can be properly solved so long as we can avoid politicization and emotionalization. It should not be one side pressing the other side."
He warned that dialogue with Washington might be harmed by "external disturbances" such as this week’s letter from 130 American lawmakers calling on Obama to take action.