China sees U.S. stoking Brazil and India anger over yuan

Reuters

Zhou Xin Koh Gui Qing
February 11, 2011

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The United States has incited Brazil and India to criticize China's currency policy, but Beijing need not worry too much because it can defuse the tension through talks, a series of Chinese government advisers told Reuters.

Independent analysts warned, however, that a belief that Brazil and India are doing Washington's bidding and are not truly aggrieved could make Beijing complacent and undermine fledgling ties between the emerging powers.

Increasingly widespread calls for a stronger yuan are awkward for China, which is accustomed to facing U.S. pressure over its tightly controlled exchange rate but has long tried to cast itself as …

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