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US keeps China on currency manipulator watch list as trade surplus grows

Summary:
[unable to retrieve full-text content]The US Department of the Treasury has kept China on its watch list for foreign-exchange manipulation in its final report before the Trump administration leaves office.Inclusion on the list is a step short of being named a currency manipulator, a designation the US rescinded as part of the phase one trade agreement signed in January. China promised not to manipulate the yuan’s exchange rate for competitive advantage as part of the deal.While the report covers the year to June 2020, the sharp…

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[unable to retrieve full-text content]
The US Department of the Treasury has kept China on its watch list for foreign-exchange manipulation in its final report before the Trump administration leaves office.Inclusion on the list is a step short of being named a currency manipulator, a designation the US rescinded as part of the phase one trade agreement signed in January. China promised not to manipulate the yuan’s exchange rate for competitive advantage as part of the deal.While the report covers the year to June 2020, the sharp…

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