China has denied it manipulates its currency for trade advantage but its surging trade surpluses are worrying leaders of the G7 nations.

China has denied it manipulates its currency for trade advantage but its surging trade surpluses are worrying leaders of the G7 nations.

EU leaders last week pointed to the undervaluation of the yuan as a major factor in the EU’s record trade deficit with China, which Brussels is taking steps to address. #EuropeNews