China'seconomicstabilitybenefitsUSByDingQingfen(ChinaDaily)Updated:2010-10-1607:25Latest:HYPERLINK"http://www.chinadaily.com.cn/world/2010-10/16/content_11417359.htm"UStodelaydecisioninChinacurrencydisputeBEIJING-TheUnitedStatesshouldstoppoliticizingChina'scurrencyissues,aspokesmanfortheMinistryofCommercesaidonFriday,emphasizingthatChina'seconomicstabilityandgrowthmeanmorebenefitstotheUSeconomyandconsumers.YaoJian,spokesmanfortheministry,saidChinashouldnotbea"scapegoat"fortheUS'economicandunemploymentwoes.ChinaisthethirdlargestexportingdestinationoftheUS,buttheUSalsobenefitsfromthelargenumberofUScompaniesoperatinginChinathatexportbacktotheUS,Yaosaid.Yao'sremarkscamehoursbeforetheUSDepartmentofTreasurywasscheduledtoreleaseabiannualcurrencyreportonFriday,inwhichthelargesteconomyintheworldwilldecidewhethertolabelitsmajortradingpartneracurrencymanipulator.ThelasttimeChinaoranyothercountrywascitedbytheUSgovernmentinthesemiannualreportwasin1994.AlthoughmanybelievetheUSishighlyunlikelytodosothistime,theUShasbeenincreasingitspressureonChinaovertheyuan,especiallyasCongressionalelectionsarescheduledforNovember."TheUScannotshiftitsowndomesticproblemsontoChinaandtheyuan,"Yaosaidatamonthlynewsbriefing."TheUSargumentsandmovesareimplausible,incorrectandrunagainsttheWorldTradeOrganization(WTO)rules,"hesaid.ZhouXiaochuan,China'scentralbankgovernor,wroteinanarticleonFridayinChinaFinance,acentralbankmagazine,thatChinawillcontinueyuanreforms,butexchangeratechangesmustbereasonableandbalanced.OnFriday,theyuantraded6.6497againstthedollar.Sofarthisyear,theyuanhasrisenby2.6percentagainsttheUSdollar.YaosaidthereisnodirectrelationshipbetweentheexchangerateandChina'stradesurpluswiththeUS,sotheyuanshouldnotbeblamed.China'stradesurplusnarrowedto$16.88billioninSeptember,thelowestinthepastfivemonthsandalsothesecondmonththatthefigurehasfallen.Economistspredictthesurpluswillkeepshrinkinginthemonthsahead,giventhatChina'simportswillcontinuetoriseandthegrowthofexternaldemandwillslacke