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It also criticised the rapid build-up of China's foreign exchange reserves in a report to the US Congress. The Treasury said it had serious concerns about the rigidity of China's exchange rate. But it stopped short of accusing China of currency manipulation,...
Tags: China, U.S. Treasury, Treasury Department, US Treasury, foreign exchange, gain unfair, exchange rate, global economy, exchange reserves, currency manipulation
The Shanghai Composite Index, which tracks yuan-denominated A shares and hard-currency B shares, lost 0.55 percent, or 20.11 points, to 3,637.32. Pudong Bank dropped 3.1 percent to 30.08 yuan, while Merchants Bank, the nation's biggest dual-currency credit-card...
Tags: China, United States, U.S. Treasury Department, currency manipulation, cite china, trade partners, gain unfair, unfair trade, major trade, trade advantages