| 12.12.2008 - U.S. Treasury says China not manipulating currency |
| From Reuters: China is not manipulating its currency to gain a trade advantage, but Beijing should let the yuan appreciate to its proper level, the Treasury Department said in a semi-annual report to Congress. "China needs to move more quickly toward a market-determined exchange rate and allow greater appreciation of the (yuan) against the dollar in the near term," the report states..... Full Article: Source |