U.S. Treasury: but not manipulating the yuan is undervalued
Sina Finance
YORK July 9 am, the U.S. Treasury said China's yuan is still undervalued. But today the U.S. government is not China or any other country that has its own currency manipulation to gain trade advantage.
today announced the U.S. Treasury Department has finally announced the long overdue report on the operation of major trading partners in business. Ministry of Finance said last month that China's decision to terminate the policy of the yuan pegged to the dollar is of great significance.
the U.S. Treasury Department, said: "The question is how much the yuan will add value as well as more rapid degree of value-added." U.S. government also said it will closely watch developments in this area progress.
