Sunday 16 May 2021
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scmp - 1 month ago

US-China relations: Treasury Secretary Janet Yellen plans to spare China from currency manipulator label

US Treasury Secretary Janet Yellen will decline to name China as a currency manipulator in her first semi-annual foreign exchange report, according to people familiar with the matter, a move that allows the United States to sidestep a fresh clash with Beijing.The report, which is not yet finalised, is due on Thursday, although it is unclear when the department will release it. During the Trump era, the US Treasury Department was accused of politicising the report after it abruptly designated…


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