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China exported 1.42 trillion yuan worth of goods during the period, up 14.3 percent year-on-year, while imports edged up by 9.6 percent, reaching 2.88 trillion yuan.
China has never manipulated its currency, Geng said, adding that the conclusion reached by the US on Monday is in line with the facts as well as international consensus. China has clarified many times that it will not engage in competitive currency devaluation, he said.
China has a relatively low level of nonperforming loans, compared with some other countries, thus the regulators will have more room to adjust the policies, according to the PBOC official.
China has made it clear that it will take "immediate" tariff measures of "equal scale and strength" right after the statement by the White House was released. Washington should not underestimate China's resoluteness in safeguarding its core interest.
China has changed greatly to be much stronger economically over the past decade, during which the country has evolved from being a major borrower of the World Bank, to one whose borrowing has been going down, he said.
来源：资阳报