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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China warns US not to politicise yuan debate AFP - Saturday, March 20 Send IM Story Print BEIJING (AFP) - – China on Friday urged the United States not to politicise a row over the value of its currency as it announced a top official would travel to Washington for talks on the issue and other trade disputes. As trade tensions between the two powers rise, Beijing warned of a negative impact from pending US legislation that would impose tough new penalties on China if it failed to revalue its currency. "We should take every measure possible to avoid politicisation of the issue and allowing emotion to come into the debate," He Ning, a top ministry official overseeing US trade, told journalists. "If there are any political factors added... it will make the whole situation complicated and affect negotiations and dialogue, which is not what we would like to see," he said when asked about the legislation. The legislation, which enjoys support from both sides of the US political divide, would punish currency manipulation as an unfair subsidy and could trigger retaliatory US actions. China announced that Vice Commerce Minister Zhong Shan will visit Washington from March 24 to 26 to meet US lawmakers and officials at the US commerce and treasury departments as well as the US Trade Representative's Office. "This visit is an effort to consult and exchange views on the Sino-US trade balance, trade frictions and other concerned trade issues," a ministry statement said. Critics of China's forex policy say Beijing keeps the yuan's value artificially low, making its exports cheaper and thus more competitive on overseas markets. But in an interview with Dow Jones Newswires, Zhong said a further rise in the currency's value would endanger the survival of some Chinese exporters, a situation Beijing cannot afford. "Water doesn't boil if it is heated to 99 degree Celsius. But it will boil if it is heated by one more degree," Zhong said, adding "a further rise in the yuan by a very small magnitude might cause fundamental changes". Criticism over its forex policy has risen as China's trade surplus and foreign exchange reserves have sky-rocketed. "We are willing to have discussions with the US on the currency issue..., but if you pressure us to do something, that's not in line with China's culture," Zhong said. He also said a rise in the value of his country's exports could add to world inflation and that China was willing to import more American goods and reduce its trade surplus. In 2005, international pressure led China to adopt a managed float of the yuan, which led to a 21 percent increase in its value against the dollar by 2008, when the global financial crisis struck. Since then, China has effectively pegged the yuan to the dollar, a move that has helped its exporters weather the global crisis, but also triggered a fresh round of foreign pressure. On Wednesday, the International Monetary Fund urged China to allow its "much undervalued" currency to rise, lending support to US and European Union calls. "The renminbi (yuan) is very much undervalued" and it is logical that with the world economy regaining its balance "the renminbi will appreciate", IMF chief Dominique Strauss-Kahn told the European parliament in Brussels. 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