In sign of easing tension, US removes currency manipulator label on China

A Chinese bank employee counts 100-yuan notes and US dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province. The United States formally retracted its accusation that China manipulates its currency to gain unfair trade advantages, according to a media report. AFP.
A Chinese bank employee counts 100-yuan notes and US dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province. The United States formally retracted its accusation that China manipulates its currency to gain unfair trade advantages, according to a media report. AFP.

Washington – The US on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly two years of conflict. Just two days before President Donald Trump is set to sign a “phase one” trade agreement with China, the US Treasury said  in its…

Full story at Philippine Star

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Manila, Philippines

February 20, 2020

Davao, Philippines

April 23-25, 2020

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