China escapes currency censure, again

By Andy Rice 9 July 2010

The US Treasury released its six-monthly currency report on Thursday, in which, once again, it failed to name and shame China as a currency manipulator. Legislators from both parties think the yuan is overvalued, but the Treasury has taken a wait-and-see approach, in the hope that China's recent move to unpeg the yuan from the dollar will see the Chinese currency grow strongly. Read more: Reuters


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