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FILES-CHINA-ECONOMY-TRADE-FOREX-CONGRESS
(FILES) Dated December 15, 2010 filed photo shows a picture of a bank advertising Chinese Yuan deposits on a tram in Hong Kong. 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 / MIKE CLARKE / FILES
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Detalii fotografie |
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Hong Kong, CHINA |
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AFP / Mediafax Foto |
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| Fotograf: |
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MIKE CLARKE |
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| Data: |
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5 Februarie 2011 |
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| Dimensiuni: |
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2080 x 2743 (1.05 MB) |
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