China pledges support for Pakistan

BEIJING: China has pledged its support to Pakistan's ally and close on Tuesday, after the United States announced it would suspend $ 800 million in security assistance to Islamabad.

"Pakistan is an important country in South Asia, and is closely linked to stability and development in Pakistan with peace and stability in South Asia," said a spokesman for the Ministry of Foreign Affairs Kong Li.

"China has provided aid to Pakistan has always been, which helps to improve people's livelihood and the sustainable development of its economy and society, and China will continue to do so in the future."

President announced the United States President Barack Obama's staff, William Daley, in a television interview on Sunday that the U.S. decided to withhold nearly a third of the annual security aid to $ 2.7 billion to Islamabad.

This step has been reduced relations between Islamabad and Washington - already rocky after U.S. commandos killed the al Qaeda leader Osama bin Laden May on Pakistani territory - to a new low.

But welcomed by the India, which accuses Pakistan has long provided a haven for militant groups and prompted the international community - the United States in particular - to blame Islamabad.

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The United States calls for the promotion of 'faster' than the Chinese yuan ..

Obama and the administration refused to brand China a currency manipulator, while he said the economy in the world's fastest-growing is to make the "insufficient" progress in allowing the yuan to rise.

The United States "believes that the progress made so far been insufficient, and that there is a need for more rapid progress," and the Treasury Department said yesterday in a report to Congress in the foreign exchange markets. Still the real exchange rate of the yuan "undervalued much" ministry "will continue to closely monitor the pace" of appreciation.

The report, originally scheduled in April, with the following payment and

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