The International Monetary Fund on Friday stood by its assessment that China...
FILE PHOTO: Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7, 2019. REUTERS/Stringer
James Daniel, director of the IMF’s China department, said that an assessment of China’s economic policies found the yuan exchange rate in 2018 to be “not significantly over-valued or under-valued.” U.S. Treasury Secretary Steven Mnuchin is seeking to engage the IMF to help “correct” an unfair trade advantage from Beijing’s currency actions, but Daniel declined to say how the IMF was responding to the request.
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