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US says China not currency manipulator

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(Globalpost/GlobalPost)

The US Treasury on Friday again refrained from branding China a currency manipulator but said the yuan remains "significantly undervalued."

In a twice-yearly finding to answer congressional critics of China's huge bilateral trade advantage, the Treasury declined to accuse Beijing of manipulating its currency, a move that could spark US trade sanctions.

vs/pmh

http://www.globalpost.com/dispatch/news/afp/130412/us-says-china-not-currency-manipulator