The US Treasury decided on Tuesday against labelling China a currency manipulator but kept it on its economic watchlist, as it broadened the range of nations it is reviewing for signs of unfair economic practices.
In its twice-yearly report on foreign exchange practices, the Treasury declared it has “significant” concerns about China’s currency practices, but once again stopped short of designating it a manipulator in a move that avoided further escalation of the two countries’ trade conflict.
The department announced an overhaul of the criteria it uses to decide which countries’ economic and currency practices should be subject to special scrutiny for possible currency manipulation.
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