The US Treasury Department declined to label China a currency manipulator in its latest Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, released on Wednesday, but acknowledged China’s currency remains “significantly undervalued.” In its report, Treasury noted that China's real exchange rate has appreciated 12 percent against the US dollar since June 2010, and by 45 percent against the dollar since 2005. However, the report states that there is “evidence...
Week in Review: Commerce ICTS Rule, Xinjiang Imports Blocked, and China a Likely Focus in Confirmation Hearings January 15, 2021
China Riders in COVID Relief Package, NDAA Update, and Treasury Clarifies Military Company Sanctions December 30, 2020
Week in Review: SMIC Blacklisted, China Not a Currency Manipulator, and DOE Steps to Protect Infrastructure December 18, 2020