Treasury Department Declines to Designate China a Currency Manipulator - News Summed Up

Treasury Department Declines to Designate China a Currency Manipulator


WASHINGTON—The Treasury Department on Tuesday passed on a chance to designate China as a currency manipulator but continued to highlight the nation’s currency practices as a source of concern. “Treasury continues to have significant concerns about China’s currency practices,” the Treasury said in its semiannual currency report, which is the department’s formal opportunity to cite countries for maintaining undervalued currencies.


Source: Wall Street Journal May 28, 2019 22:42 UTC



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