US Treasury removes currency manipulator label for China: AFP14 January 2020 | 00:16 | FOCUS News Agency
Just two days before President Donald Trump is set to sign a "phase one" deal, the US Treasury said in its semi-annual report to Congress that the yuan has strengthened and Beijing is no longer considered a currency manipulator.
In this trade deal, "China has made enforceable commitments to refrain from competitive devaluation and not target its exchange rate for competitive purposes," Treasury said.
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