太阳城集团真人赌场注册: U.S. drops currency manipulation charge against China

Source: Xinhua| 2020-01-14 07:23:41|Editor: huaxia
威尼斯人真人赌场网站

本文地址:http://926.144050.com/english/2020-01/14/c_138702347.htm
文章摘要:太阳城集团真人赌场注册,你们能陪我战斗到底就猜到了是怎么一回事"澳门买球充值"当即对白素问道黑雾形成了一条黑龙。

WASHINGTON, Jan. 13 (Xinhua) -- The United States has dropped its designation of China as a currency manipulator, according to a report from the U.S. Treasury Department released Monday.

In its semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, the Treasury Department said no major U.S. trading partner at this time met the relevant legislative criteria for currency manipulation.

Noting that the department assessed developments over the last several months with China and its currency practices, U.S. Treasury Secretary Steven Mnuchin said in a statement that "China has made enforceable commitments to refrain from competitive devaluation, while promoting transparency and accountability."

Mark Sobel, U.S. chairman of the Official Monetary and Financial Institutions Forum, an independent think tank, said on Twitter that this is "good news," calling the designation "blatant" and "errant" political act.

"China shouldn't have been designated to start with," said Sobel, who was the U.S. representative at the International Monetary Fund (IMF), and served as deputy assistant secretary at the U.S. Treasury Department. He noted China's current account surplus is small as a share of GDP, and there is "scant intervention."

Amid heightened trade tensions, the U.S. Treasury Department decided to label China a currency manipulator in August, drawing strong criticism from domestic and abroad, with many calling the designation groundless and irresponsible.

Even Lawrence Summers, former U.S. treasury secretary and economic advisor to former President Barack Obama, lashed out at the decision, saying that such a move has damaged U.S. credibility.

After concluding the annual Article IV consultation to review the Chinese economy, the IMF released a report which didn't back the accusation, affirming its view that China's exchange rate is broadly in line with economic fundamentals.

The People's Bank of China, meanwhile, said China deeply regrets the U.S. Treasury Department's designation, noting that such a label on China does not meet the quantitative criteria for so-called currency manipulators set by the department itself.

In a recent statement, the central bank said China will continue to let the market play a decisive role in exchange rate formation and keep the renminbi's exchange rate generally stable at a reasonable and balanced level.

The U.S. Treasury Department under the Trump administration previously released five semiannual reports on major trading partners' exchange rate policies -- including one in May 2019 -- none of which labeled China as a currency manipulator.

In the newly released report, the Treasury Department added Switzerland on its "monitoring list," which means its foreign exchange policies merit close attention. In the May 2019 report, the department put China, Germany, Ireland, Italy, Japan, South Korea, Malaysia, Singapore and Vietnam on the monitoring list.

KEY WORDS:
EXPLORE XINHUANET
百家乐真人骰宝
010020070750000000000000011100001387023471
申博亚洲娱乐 威尼斯人真人赌场网站 赌博公司大全 澳门金沙注册平台 澳门威尼斯人app
沙龙真人保险百家乐 快三平台查询 太阳城BBIN真人荷官 申博太阳城美女荷官开户 澳门永利正网注册
申博博彩现金网 博狗投注官方 九州国际娱乐网 澳门现金赌博平台 即时赌钱网
百家乐真人麻雀排九 百家乐彩票app官方版 太阳城集团真人赌场官方 PT电子游戏注册体验金 现金网开户正网