Voice of America: US Treasury Dept: China is Not Manipulating Currency

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 Treasury Dept: China is Not Manipulating Currency Apr 12th 2013, 22:10 The United States has determined that China is not manipulating the value of its currency, which has been a major complaint by the Obama administration. The Treasury Department said in its twice yearly report to Congress Friday that China has taken a series of steps to liberalize currency controls and peg the value of the yuan to a more market-determined exchange rate. But the report also says the yuan is still significantly undervalued and that the Chinese economy, as well as others in ...

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