WASHINGTON—The Treasury Department on Tuesday passed on a chance to designate China as a currency manipulator but continued to highlight the nation’s currency practices as a source of concern.
“Treasury continues to have significant concerns about China’s currency practices,” the Treasury said in its semiannual currency report, which is the department’s formal opportunity to cite countries for maintaining undervalued currencies.
Despite declining to slap China with the manipulation label, Treasury said the nation “should make a concerted effort to enhance transparency of its exchange rate and reserve management operations and goals.”
[To read original article, click here]