Monday, June 11, 2007

U.S. Treasury says no new China legislation needed

(Reuters) - Holmer declined to say whether Treasury would formally
label China a currency manipulator in a semiannual report of
foreign exchange practices of key trade partners due out on
Wednesday.




But he said the administration took the issue of China's
currency practices "very seriously" and was making an
unprecedented push for faster reform by Beijing.


Read more at Reuters.com Bonds News

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