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FILES-US-CHINA-ECONOMY-TRADE-FOREX-CONGRESS
(FILES) Dated November 12, 2010 filed photo shows an illustration of Chinese currency 100 yuan notes issued by the People's Bank of China, fronted with an image of former Communist party leader Mao Zedong and on the rear, the parliament building Great Hall of the People, in Beijing. The US Treasury cleared China of official accusations of currency manipulation February 4, 2011, but said progress toward allowing the yuan to appreciate was "insufficient." In a report to Congress, the Treasury said that China, eight other countries and the eurozone had not manipulated exchange rates "for purposes of... gaining unfair competitive advantage in international trade." "Based on the resumption of exchange rate flexibility last June and the acceleration of the pace of real bilateral appreciation over the past few months," China's behavior did not qualify under the official definition of manipulation, it said in the long-delayed report. AFP PHOTO / Frederic J. BROWN / FILES
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Detalii fotografie |
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Beijing, CHINA |
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AFP / Mediafax Foto |
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| Fotograf: |
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Frederic J. BROWN |
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| Data: |
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5 Februarie 2011 |
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| Dimensiuni: |
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3600 x 2312 (1.36 MB) |
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