皇冠体育app

The International Monetary Fund(IMF) said Tuesday that 皇冠体育app's currency does not appear "substantially undervalued."

In a report following annual consultations with 皇冠体育app, the IMF said, "Most directors noted that there is no clear evidence that the Renminbi is substantially undervalued at this juncture."

"Directors also felt that a currency revaluation would not by itself have a major impact on global current account imbalances --particularly given 皇冠体育app's relatively small share in world trade," the report said.

The IMF report also said that a flexible exchange rate for the Chinese currency would be in 皇冠体育app's interests.

Some US lawmakers have asserted that 皇冠体育app is manipulating its currency to gain a competitive edge in trade with the United States.

However, the US Treasury Department said at the end of last month that 皇冠体育app is not violating an American law against currency manipulation to gain unfair trade advantages.

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