WASHINGTON (AP) -- The Bush administration has declined to cite China for manipulating its currency to gain unfair trade advantages against the United States.
A Bush administration report criticizes China for slowing the pace at which its currency was rising in value against the dollar. It also says China must return to a more rapid pace of appreciation for its currency.
But in the report, which must be submitted to Congress every six months, the administration says China did not meet the standards set in U.S. law for being cited as a currency manipulator.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.