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US says Chinese yuan still undervalued despite rise

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(Globalpost/GlobalPost)

The US Treasury said Wednesday that the Chinese yuan remains undervalued despite its significant appreciation this year and called on Beijing to disclose more about its market intervention.

In a semi-annual report to Congress, the Treasury stopped short of officially labeling China a currency manipulator, a designation that could spark US trade sanctions.

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http://www.globalpost.com/dispatch/news/afp/131030/us-says-chinese-yuan-still-undervalued-despite-rise