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US says Chinese yuan undervalued

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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. 

A bank teller counting stacks of US dollars and Chinese 100-yuan notes at a bank in Hefei on January 16, 2011

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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