U.S. declines to label China a currency manipulator

WASHINGTON (AP) — The Obama administration has declined to label China a currency manipulator, although it says China's currency remains significantly undervalued.

WASHINGTON (AP) -- The Obama administration has declined to label China a currency manipulator, although it says China's currency remains significantly undervalued....

Money Morning submits: By Jason Simpkins It seems like every six months the debate over China's currency, the yuan, reaches a fevered pitch: The Washington bureaucrats threaten to label China a "currency manipulator" and Beijing threatens to dump its U.S. debt holdings.

The decision, made after seeing recent increases in the value of the yuan compared with the dollar, angers some manufacturing groups.

The most shocking part of the third debate between President Barack Obama and Republican nominee Mitt Romney on Monday was how little attention they paid to China. I counted an hour and 15 minutes before the subject even came up in earnest. That’s not to say the other topics discussed – terrorism, the Middle East, Afghanistan – aren’t important as well. But looking out over the next several decades, the rise of China to superpower status is, in my opinion, the single most important foreign policy challenge facing the United States.

WASHINGTON (Reuters) - The United States should use all available tools, including labeling China a currency manipulator, to put pressure on Beijing to raise the value of its yuan, a U.S. watchdog...