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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: RealMuLan who wrote (1185)10/31/2003 12:27:20 AM
From: RealMuLan  Read Replies (1) of 6370
 
China escapes US censure on foreign exchange

'...
But none of the major US trading partners had met the requirements to be officially designated for unfairly manipulating exchange rates, Treasury Secretary John Snow told the Senate banking committee.

Snow, presenting a semi-annual report in which the administration must identify foreign exchange rate miscreants, said a currency peg such as China's did not qualify under the rules as unfair manipulation."
channelnewsasia.com
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