U.S. Department of Finance: Currency revaluation will not help people reduce the deficit

[Ming Pao] U.S. Deputy Secretary of the Treasury Brainard (Lael Brainard) said yesterday that the appreciation of the RMB will not help improve the U.S. trade deficit, but it is the best Chinese economic and trade tools. She also said that the Obama administration is willing to work with Congress to deal with trade issues in U.S. currency, but the U.S. government that the current bill in Congress related to certain provisions may violate international trade rules. ...U.S. Department of Finance: Currency revaluation will not help people reduce the deficit