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U.S. Treasury Labels Chinese Yuan as Substantially Undervalued

The U.S. urges China to permit its currency to strengthen promptly, reflecting concerns over foreign exchange imbalances.

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Terms & Concepts
  • Yuan: The official currency of China, also known as the renminbi (RMB).
  • Currency Undervaluation: A situation where a currency's exchange rate is kept artificially low, making exports cheaper and imports more expensive.
  • Foreign Exchange Imbalance: Economic condition where trade and investment flows are impacted by misaligned currency values.