IMF Says China's Yuan is Undervalued

Posted by scapozzola on 07/27/2010

The International Monetary Fund (IMF) has issued its review of the Chinese economy and found that the yuan is "substantially undervalued."  This adds yet one more voice to the international clamor for action to address China's ongoing currency manipulation. It should come as no surprise that the IMF sees China's currency as undervalued. The EU, Japan, and WTO have previously lodged complaints about China's currency peg.  What really matters, though, is what Congress plans to do in response.  As House Democrats move forward on a "Make it in America" agenda, ManufactureThis hopes that legislation to address currency manipulation will be at the top of the list... Read more.

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