The US Treasury department recently completed its semi-annual ritual of examining whether America’s trading partners have been manipulating their exchange rates to increase their trade surpluses. Not surprisingly, the Treasury focused on China. And once again it complained that the Chinese renminbi is undervalued but stopped short of accusing Beijing of currency manipulation in order to avoid automatically triggering a penalty on China.
美國財政部最近完成了其例行的半年度匯率報告，該報告旨在審查美國的貿易伙伴國是否通過操縱匯率增加貿易順差。不出所料的是，美國財政部重點提到了中國。它再次抱怨稱，人民幣被低估，但它不再指責中國政府操縱匯率，以避免自動觸發一項針對中國的懲罰機制。
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