US drops 'currency manipulator' designation for China. Here's what it means

The Trump administration is dropping its designation of China as a currency manipulator in advance of the signing Wednesday of a Phase 1 U.S.-China trade agreement. The preliminary pact that the two sides are set to sign this week includes a section that’s intended to prevent China from manipulating its currency to gain trade advantages.

from IndiaTV World: Google News Feed https://ift.tt/2sl0F7l
via Latest News of India