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US accuses China of currency manipulation
The United States claims that China is deliberately keeping its currency between 25 and 40 percent undervalue, giving its manufactures an unfair advantage against imports and making Chinese exports even cheaper. We talk to the BBC’s Mark Gregory.
The United States claims that China is deliberately keeping its currency between 25 and 40 percent undervalue, giving its manufactures an unfair advantage against imports and making Chinese exports even cheaper. As Treasury Secretary Timothy Geithner testifies before Congress at hearings designed to force China to revalue its currency, the BBC’s Mark Gregory gives us the latest from London.