Chinese Currency Policies Escape Manipulator Tag

Law360, New York (May 31, 2011, 6:37 PM EDT) -- The U.S. Department of the Treasury again declined to label China as a currency manipulator in a new report on international exchange rates issued Friday, despite raising concerns about the country's refusal to fully relax its grip over such rates.

The department concluded that none of the U.S.' major trading partners could be considered currency manipulators under the The Omnibus Trade and Competitiveness Act in its latest report to Congress.

In support of its decision not to classify China as a manipulator, the department pointed out...
To view the full article, register now.