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