New US Treasury report does not label China as a currency manipulator

//New US Treasury report does not label China as a currency manipulator

New US Treasury report does not label China as a currency manipulator

The United States did not designate China as a currency manipulator on Friday, as the Treasury Department released its first foreign exchange report of President Joe Biden’s administration. China remained on the watch list over its currency practices. The report, which is typically issued to the US Congress twice a year, said: “China’s failure to publish foreign exchange intervention and broader lack of transparency around key features of its exchange rate mechanism and the activities of state…

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By | 2021-04-16T14:24:39+00:00 April 16th, 2021|Business|Comments Off on New US Treasury report does not label China as a currency manipulator