Treasury Punts On Labeling China As Currency Manipulator

By Alex Lawson (April 10, 2015, 3:58 PM EDT) -- With pressure mounting on the Obama administration to tackle foreign currency intervention as a trade barrier, the U.S. Treasury Department on Thursday found that China's renminbi is still "significantly undervalued" but again stopped short of labeling the country a currency manipulator.

The agency said that economic conditions improved in China in recent months as the country boasted a current account surplus of $200 billion by the end of last year. Given that dynamic, Treasury said that the factors for a more speedy appreciation of the country's RMB value remain intact and that Beijing should continue to move toward a market-based exchange...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!