IPFS News Link • Economy - Economics USA
Tougher US warning says China not manipulating yuan
• AFPThe United States toughened its warning on China for "lack of flexibility" of its yuan currency and for rapidly building up its foreign reserves, but stopped short of branding Beijing a currency manipulator.
"Both the rigidity of the renminbi and the reacceleration of reserve accumulation are serious concerns which should be corrected to help ensure a stronger, more balanced global economy," the US Treasury said.