Treasury report fails to cite China on currency manipulation.In May, the Treasury Department released its semiannual Semiannual An event that occurs twice in a calendar year. Notes: A bond with semiannual coupons would issue payment once every six months. See also: Annual, Bond, Coupon Bond "Report to Congress on International Economic and Exchange Rate Policies" of key trade partners, once again ruling that China is not a currency manipulator. The Treasury Department said it will "closely monitor China's progress in implementing its economic rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting strategy ... and continue actively and frankly to press China to quicken A popular financial management program for PCs and Macs from Intuit, Inc., Mountain View, CA (www.intuit.com). It is used to write checks, organize investments and produce a variety of reports for personal finance and small business. the pace of renminbi [yuan Yuan (yüän), river, 540 mi (869 km) long, rising in S Guizhou prov. and flowing generally NE to Donting lake, Hunan prov., SE China. Navigation above Changde is limited by rapids to small craft. ] flexibility." The decision angered critics who claim China is dragging its feet deliberately while flooding U.S. markets with cheaply priced goods. In the months leading up to the release of the report, metalcasters sent nearly 100 letters to the Treasury Department containing concrete examples of how China's currency practices have given its metalcasters a built-in, unfair competitive advantage. To access the report on the Treasury Department's website, visit treasury.gov/offices/international-affairs/ economic-exchange-rates/. |
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