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U.S. says China yuan undervalued, but not manipulated

Daily newsbrief journal for May 2011, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


U.S. says China yuan undervalued, but not manipulated

Postby admin » Sun May 29, 2011 1:55 am

U.S. says China yuan undervalued, but not manipulated
WASHINGTON (Reuters) - The Treasury Department ruled on Friday China was not manipulating its currency to gain an unfair trade advantage, but said Beijing still needs to allow the yuan to rise much faster in value.
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