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05-25-2012, 09:02 PM
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"The Obama administration says China’s policies keep the yuan undervalued and produce an unfair advantage in global trade. Politicians including presumptive Republican presidential nominee Romney and Senator Charles Schumer, a New York Democrat, have complained that the administration should be more aggressive in pushing China on the currency. No country has been designated a manipulator by the U.S. since China in 1994."
Obama Shunning China Yuan Manipulator Tag Gets Romney Ire - Bloomberg
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