--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar


Hot Links
China Development Gateway
Chinese Embassies


White House: China Does Not Manipulate Currency

The US government said on Friday that neither China nor any other major trading partner of the United States is violating a US law against currency manipulation to gain unfair trade advantages.

In an annual report to the US Congress, the Treasury Department said that "no major trading partner of the United States met the technical requirements" laid out in the 1988 law concerning problematic currency manipulations for unfair trade advantages.

A 1988 US law requires the Treasury Department to analyze other countries' exchange rate policies and determine whether such manipulation is occurring and the US government can impose trade sanction on countries found in violation of the law.

On China, the report said that "the US government will pursue persistently and firmly its approach to promote economic, financial and market reforms in China and assist China to move as soon as possible to a flexible exchange rate regime."

(Xinhua News Agency December 4, 2004)

Yuan Appreciation Could Present Risk of Bubble
US Rejects Call for WTO Complaint over RMB
RMB Partly Convertible Under Capital Account
US: China Does Not Manipulate Currency
The People's Bank of China
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688