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News Link • Economy - Economics USA

Tougher US warning says China not manipulating yuan


The 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.


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