Treasury calls China to appreciate the Yuan

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Source: Bloomberg

Treasury Department issuing the semi-annual report announced China should be pressed for implementing greater flexibility in its exchange rate. Treasury declares the Chinese Yuan to be undervalued and calls for appreciation. US suggest Chinese undervalued currency gives unfair advantage to the nation's exporters. Japan also received critics from Treasury for selling Yen in October and August despite US objections. 

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Wed, 28 Dec 2011 08:36:37 GMT

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