Voice of America: US Declines to Label China Currency Manipulator

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

US Declines to Label China Currency Manipulator Nov 28th 2012, 14:28 The U.S. Treasury Department said Tuesday that China's currency is "significantly undervalued," but stopped short of labeling it a currency manipulator. The Treasury said in a semi-annual report to Congress that China did not meet the legal requirements to be named a currency manipulator, a designation that could lead to sanctions. It noted that China has allowed the value of the renminbi to rise over nine percent against the dollar since June 2010. But it said this was ... Media files: 9CB857B6-7AE6-41BC-A468-96B577AE0429_cx0_cy8_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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