US Treasury declines to brand China a currency manipulator
In its second report on FX policies since Donald Trump took office, the US Treasury only criticises China, despite campaign promise
The US Department of the Treasury has declined again to label China a currency manipulator, but warned about the lack of progress made in reducing the bilateral trade surplus and the persistence of adverse conditions for foreign investors.
In its biannual report on the foreign exchange policies of major trading partners for the US, the Treasury acknowledged Beijing’s actions have avoided a disorderly depreciation of the renminbi and contributed to the relative stabilisation of the currency.
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