China’s future actions could warrant forex manipulator label -Treasury nominee

21-Jan-2017 Intellasia | Reuters | 6:00 AM Print This Post

The US Treasury would recommend China be considered a currency manipulator if Beijing began unfairly managing the yuan’s value, President-elect Donald Trump’s nominee to run the Treasury department, Steven Mnuchin, said on Thursday.

Asked in a US Senate hearing if he would recommend Trump formally designate China a currency manipulator if it started manipulating its currency again, Mnuchin said: “I would.”

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Category: China

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