China has been trying to control the rate of its currency’s depreciation since 2014.
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President Donald Trump on Thursday described China as a « grand champion » in currency manipulation.
In an interview with Reuters, he also said China could easily resolve tensions with North Korea if it wanted to.
China has been trying to control the rate of its currency’s depreciation since 2014, and it has had a harder time keeping it stable in trade-weighted terms since mid-2016. A weaker currency makes exports more competitive.
There are three criteria that must be met for a country to be labeled a currency manipulator by the Treasury Department :
Last April, the Treasury added China to a list of major trading partners that should be monitored based on an analysis of these conditions.
