Asia

China Denies Ever Manipulating Currency After US Lifts Designation

By Kyodo News 15 January 2020

BEIJING—China said Tuesday it has never been a currency manipulator, a designation the US Treasury Department removed earlier, just days before the two countries are expected to sign a “Phase One” trade deal.

“The latest US conclusion is consistent with the truth and the consensus of the international community,” Foreign Ministry spokesman Geng Shuang said at a regular press briefing, citing the International Monetary Fund’s report last August that said China’s currency was fairly valued.

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