Angry Chinese officials have warned Washington that the passage of a Bill aimed at forcing Beijing to let its currency rise could lead to a trade war between the world’s top two economies.

China’s central bank and ministries of commerce and foreign affairs accused Washington of “politicising” currency issues and putting the global economy at risk after US senators voted on Monday to start a week of debate on the Bill. The response suggested China sees a greater risk from the proposed Bill than it has in the past when US lawmakers attempted to put forward similar legislation to speed up the pace of appreciation in the yuan, or renminbi. – (Reuters)