The report signals a new approach to the currency by the People’s Bank of China. Photo: AFP The report signals a new approach to the currency by the People’s Bank of China. Photo: AFP
The report signals a new approach to the currency by the People’s Bank of China. Photo: AFP

US Treasury softens stance on China’s undervalued yuan

In its semi-annual report to Congress, the deparment said it is monitoring how Beijing implements its exchange-rate policy since the August 11 devaluation

The report signals a new approach to the currency by the People’s Bank of China. Photo: AFP The report signals a new approach to the currency by the People’s Bank of China. Photo: AFP
The report signals a new approach to the currency by the People’s Bank of China. Photo: AFP
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