The United States has determined that China is not manipulating the value of its currency, which has been a major complaint by the Obama administration.

The Treasury Department said in its twice yearly report to Congress Friday that China has taken a series of steps to liberalize currency controls and peg the value of the yuan to a more market-determined exchange rate.

But the report also says the yuan is still significantly undervalued and that the Chinese economy, as well as others in … [Read More]

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Source: VOA News: War and Conflict