China has denied US accusations that the yuan was significantly undervalued, after the US Treasury said the currency's rise so far was insufficient, but stopped short of labelling Beijing a currency manipulator.
The issue is a sensitive one in Washington because of China's overwhelming surpluses in trade between the countries.
via Business feed http://www.scmp.com/business/economy/article/1093364/china-rebuts-us-claim-yuan-still-significantly-undervalued
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