US Treasury warns China over recent yuan fall | Bangkok Post: news

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US warns China over recent yuan fall

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The US Treasury said Tuesday that China cannot be ruled a manipulator of its currency despite the yuan's sharp slide since January. 

This picture taken on September 24, 2013 shows US dollar notes being counted next to stacks of 100 yuan (RMB) bank notes at a bank in Huaibei, in eastern China's Anhui province

But the Treasury warned that the recent fall could "raise particularly serious concerns" if it represents a reversal in Beijing's commitment to a more free-floating yuan.

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