CHINA US Focus - Perspectives shaping the world's most important bilateral relationship

China's yuan is at an equilibrium against the dollar and even high in some respects, the country's main official newspaper said on Friday in remarks that could sow further tension in talks between Beijing and Washington.

 

The People's Daily, the mouthpiece newspaper of the ruling Communist Party, said differences in labor productivity and operating costs in the world's two biggest economies show the yuan, or the renminbi, is reasonably valued versus the dollar.