US Treasury Secretary Jacob Lew said on Thursday (Sep 3) that the United States would hold China responsible for the political and economic impact of its currency policies after last month's yuan devaluation. "They have to understand, and I make this point to them quite clearly, that there's an economic and a political reality to things like exchange rates," Lew said.
"They need to understand that they signal their intentions by the actions they take and the way they announce them," he said, referring to Beijing's sudden devaluation of the yuan, or renminbi, on Aug 11 that triggered shock waves in global markets...............................................Full Article: Source
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