31.05.2012 - US refrains from branding China a currency manipulator
The Obama administration on Friday rejected calls within Congress to brand China a currency manipulator, but said its "significantly undervalued" currency was a key brake on global growth. The US Treasury Department said China had not met the standards for manipulation of the yuan, also known as the renminbi, to gain an unfair competitive trade advantage. Such a distinction could pave the way for retaliatory sanctions...............................................Full Article: Source
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