America asked to mind its own business
A central banker in China has asked Barack Obama to mind his own business and not put the blame on others for the market swings.
People's Bank of China Vice Governor, Su Ning said during the sidelines of a conference that the US should look inwards and should let China decide about its currency, Yuan.
He was replying to an earlier statement made by President Obama, where he had asked the Asian nation to move over to "more market-oriented exchange rates."
Ning said that China has not made a political issue out of the discussion on yuan, but it is better for the US to solve its own problems like falling exports rather than putting the blame on others.
While there is news that China may go on for re-evaluating its currency, nothing is clear as of yet.
But there are speculations that it may go for appreciating the value, something which was stopped in 2008. If the country keeps the same value, then there are chances that issues between the two countries may escalate.
Anyway, something is expected to happen next month when Obama government is expected to label China as a "currency manipulator."