China: US Congress has no place in currency spat

US lawmakers and manufacturers contend that an undervalued Chinese currency gives Beijing an unfair trade boost. — File Photo

SEOUL: A senior Chinese official is warning that US lawmakers shouldn't interfere in a spat over a Chinese currency policy that US critics say costs American jobs.

Chinese Vice Foreign Minister Cui Tiankai said in an interview Wednesday that if either side "chooses a confrontational approach, I think everybody will come out as losers."