China's yuan exchange rate is within a "basically reasonable level," and it is not the root cause of the China-U.S. trade imbalance, Commerce Minister Chen Deming said in remarks published on Monday. "If China shows an overall trade balance with other countries but only sees a relatively big trade imbalance with one particular country, that means it is not a result of an exchange rate issue," Chen said in an interview during the G20 Cannes summit. "Currently, the yuan exchange rate is within a basically reasonable level and our country's trade surplus is just slightly above one percent of GDP," he said, according ... (full story)