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China calls Romney's accusations as "false as they are foolish"

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Romney said Obama has "failed to stop China's cheating. The president has had the chance year after year to label, to label China a currency manipulator, but he hasn't done so and I will label China the currency manipulator they are on the first day." China called Romney's remarks "as false as they are foolish" and said it is "ironic that a considerable portion of this China-battering politician's wealth was actually obtained by doing business with Chinese companies before he entered politics."

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