The Treasury 27 announced the latest issue of the international economic and exchange rate policy report "(hereinafter referred to as the" exchange rate report "). The report says, the United States, including China, any major trading partners were not manipulating its currency to the dollar exchange rate between, saying since the third quarter of last year, China has greatly reduce the exchange rate market intervention.
The United States in 1988 the trade and competitive comprehensive act requirement to the ministry of finance every six months to congress a relevant major U.S. trading partners "exchange rate report". The provisions of article 3004 of the act, the report must consider whether all countries to prevent effectively adjust the balance of international payments, or for in international trade for unfair competition advantage Cheap Nike Free
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and control their currencies against the dollar.
The latest issue of "exchange rate report" stated time for the first half of this year to early November. The report conclusion for, in this period, the United States any major trading partners have not reached act listed in article 3004 of the standard.
The report says, since June 2010 China to resume RMB exchange change, the accumulative appreciation against the dollar exchange rate 9.3%, if consider inflation factor, the RMB exchange rate against the dollar a real appreciation of 12.6%, at the same time, China's trade Discount Ugg Boots
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surplus and current-account surplus of GDP by 8.8% and 10.1% respectively from the high of 2.6%.
In addition, since the third quarter of last year, China has greatly reduce the exchange rate market intervention, take a series of measures to ease the flow of capital control, thus accelerating market-oriented exchange rate system. The report says, in view of Discount Ugg Boots Women
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the above progress, the American ministry of finance that "in the report stated time, China has not reached act listed in article 3004 of the standard".
But the report also refers to the us dollar and other major currencies exchange rate is necessary to further appreciation, the department of the Treasury will continue to pay close attention to the RMB exchange rate appreciation rate.
Nov. 27 report was published on October 15,, the us Treasury announced earlier decided to postpone. Since 2009,Discount Ugg Boots Women
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the Obama onstage and, so far, the us Treasury announced a total of 7 a "exchange rate report", all said there is found to have trade partner control domestic currency exchange rate to gain an unfair trade advantage