Voice of America: US Treasury: China Currency Still 'Significantly Undervalued'

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

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US Treasury: China Currency Still 'Significantly Undervalued' Oct 31st 2013, 04:20 The Obama administration has again criticized China for significantly undervaluing its currency, but stopped short of labeling Beijing a currency manipulator. In its twice-yearly report to Congress Wednesday, the United States Treasury acknowledged the value of China's currency, the renminbi, is rising, "but not as fast or by as much as is needed." Washington has long accused Beijing of keeping the value of its currency artificially low, giving Chinese companies an unfair ...

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