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China a currency manipulator? So is every other country

Posted on 29 November 2012

Republican presidential candidate Mitt Romney vowed he’d do this as president. Senator Chuck Schumer (D-NY) has been a public advocate of it. But the White House says it would not label the nation’s largest trading partner — China — a currency manipulator.
In its semi-annual report to Congress on international economic and exchange rate policies, the Treasury Department says China has taken steps to appreciate its currency, the renminbi, and “Chinese authorities have substantially reduced the level of official intervention in exchange markets since the third quarter of 2011.”……………………………………….Full Article: Source


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