U.S. says China moving on forex flexibility but slow – Reuters

From Reuters (link)

The U.S. Treasury Department is convinced China is moving toward adopting increased flexibility though Treasury would like to see it do so faster, a spokesman said on Monday.

“If you look at what China is doing in exercising their commitment on putting in place a foreign exchange regime that has greater flexibility and an economy that is more flexible, you see some evidence that they’re doing that,” Treasury spokesman Tony Fratto said.

Treasury is to issue its report on currency practices of key trade partners on Wednesday, with the key focus on whether or not China will be named a country that manipulates its currency as some U.S. legislators want Treasury to do.

Categories :

Tags :,

SUPPORT CDT

CDT on Twitter

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.