The exchange rate of RMB has just broken 7,the United States lists China as a currency manipulator

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The U.S.Treasury lists China as a "currency manipulator".This is the first time in 25 years that the United States has identified China as a "currency manipulator".In the just concluded International Monetary Fund (IMF) negotiation on Article 4 of China,the IMF clearly pointed out that the exchange rate of RMB is basically in line with the fundamentals.The latest issue of the US foreign exchange policy report on May 28 also reiterated that China does not meet the criteria of exchange rate manipulation.

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