China bank slams US label of currency manipulator

The US Treasury has labeled China as a currency manipulator, a move that does not align with its own criteria. Recent depreciation of the RMB is driven by market forces, and the People's Bank of China aims to maintain currency stability. China remains committed to not engaging in competitive devaluation or using currency as a trade dispute tool. The US's labeling has caused market turmoil and could hinder global trade and economic recovery, negatively affecting the international monetary system.

What recent action did the U.S. Treasury take regarding China?

• Increased tariffs on Chinese goods

• Labeled China as a currency manipulator

• Removed China from the trade blacklist

• Signed a new trade agreement with China

What has been the primary driver of the recent depreciation of the Chinese yuan?

• Market forces

• Government intervention

• International sanctions

• Trade agreements

What is the People's Bank of China's approach to the yuan's exchange rate?

• Maintaining stability at a reasonable level

• Allowing it to float freely

• Pegging it to the U.S. dollar

• Using it as a tool in trade disputes

How does China view the use of exchange rates in trade disputes?

• As a last resort

• As a non-preferred method

• As a primary tool

• As a competitive advantage

What are the potential consequences of the U.S. labeling China as a currency manipulator?

• Causing financial market turmoil

• Improving the international monetary system

• Stabilizing global markets

• Strengthening international trade