US to delay China currency report

© AFP/File

AFP

WASHINGTON (AFP) – The US Treasury Department on Friday said it would delay a report that could label China a currency manipulator until at least May, after a series of top level meetings.

The semi-annual report, which was next due on April 15, has become a focal point for critics who accuse Beijing of unfairly keeping the yuan weak against the dollar to boost Chinese exports.

The US government said it would wait until a meeting of the G20 finance ministers and the IMF’s annual spring meetings this month and a bilateral meeting in May before publishing the document.

The last report — which also deals with the currency policies of other trade partners — was published in February, after a delay of four months.

The report stopped short of labeling China a manipulator, a move which could have resulted in punitive sanctions on Chinese trade.

© AFP — Published at Activist Post with license

Thank you for sharing.
Follow us to receive the latest updates.

Like Us On Facebook
Follow Us On Twitter

FREE Guide Exclusively for Activist Post Subscribers


Get Our Exclusive 21-page Report 10 Ways to Survive and Thrive During Economic Collapse for FREE!

In this report we share the exact strategies we’re using to survive the economic collapse.

It is overflowing with actionable steps you can take to protect you and your family. Plus, we identify the best opportunities to thrive.

Enter your email address below to get instant access!