Headline: China blasts US congressional report on currency
A U.S. congressional report that called on Washington to do more to force China to increase the value of its currency constitutes interference in Beijing's internal affairs, the Chinese Foreign Ministry said Friday.
Ministry spokesman Hong Lei accused the U.S.-China Economic and Security Review Commission of having a "Cold War mentality" and of harboring a grudge against China.
Headline: Bernanke defends bond-purchase plan, warns China
Federal Reserve Chairman Ben Bernanke hit back at critics, both at home and abroad, who have challenged the central bank's $600 billion bond-purchase program.
In a speech in Germany, he argued that Congress must help support the Fed's program with further stimulus aid. And he issued a stern warning to China, saying it and other emerging nations are putting the global economy at risk by keeping their currencies artificially low.