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China not a currency manipulator [Copy link] 中文

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Post time 2018-4-5 11:54:20 |Display all floors
Trump has often accused China of currency manipulation but there are at least
four other countries that come closer to the US Treasury Department's
definition of a currency manipulator.

China bashing is very popular in the US, especially as a political tool.
This is just another bit of proof that the US is two faced. But do we
really need any more proof...

And should China or any other country really care any more if the US deems
them as currency manipulators. The US is the most manipulative country in
the world today in just about every respect.

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4 countries are close to being named currency manipulators — but not China
Gina Heeb -- Apr. 4, 2018

* President Donald Trump has often accused China of currency manipulation.
* There are several other countries who nearly meet the US Treasury Department's
    definition of a currency manipulator.
* The Treasury's next report detailing currency manipulation policies is expected
    to come out sometime this month.

When it comes to talking about currency manipulation, the focus is usually on China — but some countries are far closer to meeting the US Treasury Department's criteria for the term.

The Treasury Department releases semiannual reports on the foreign exchange policies of major trading partners. They monitor for currency manipulation, or keeping a currency artificially weak relative to the US dollar.

Here's the criteria a country has to meet to be named a currency manipulator:

* Have a significant trade surplus with the US
* Have a "material" current account surplus with the US
* Be engaged in "persistent, one-sided" intervention in the foreign exchange market

Thailand, South Korea, Japan and India all met two out of three of those criteria in 2017, according to analysis released Wednesday by TD Securities.

For starters, all of those countries ran trade surpluses with the US that met or exceeded $20 billion. So did China, by a landslide, but their current account balance and foreign exchange purchases complied with US standards.

Japan, South Korea and Thailand also ran current account surpluses of more 3% of GDP, which is the limit under currency manipulation standards. Thailand led the way in noncompliance, with a 14.7% current account surplus with the US.

While India actually led a current account deficit, its foreign exchange purchases exceeded 2% of GDP.

Meeting two out of three currency manipulation criteria puts Japan, South Korea, Thailand and India at risk of "rebuke by the US administration," according to TD Securities analysts.

The next report is likely to be released in mid-April.
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Post time 2018-4-8 04:26:09 |Display all floors
What a load of $%$%ing horse $%$%. All USA does is manipulate its own currency. Why does USA get to decide the criteria. USA has abused the reserve status of the USD and they are a menace to the entire global community. Someone needs to nuke the sons of $%$%s.

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Post time 2018-4-8 10:29:47 |Display all floors
I guess the key is that China want to link gasoline to RMB which pissed the US ..

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Post time 2018-4-8 12:05:34 |Display all floors
HailChina! Post time: 2018-4-7 12:26
What a load of $%$%ing horse $%$%. All USA does is manipulate its own currency. Why does USA get to  ...

If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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Post time 2018-4-8 12:07:14 |Display all floors
Dracarys Post time: 2018-4-7 18:29
I guess the key is that China want to link gasoline to RMB which pissed the US ..

This is one of the biggest avenues the US uses for massive amounts of free money.
Of course the spoiled Oligarchs of America are going to cry out loud with fury.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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Post time 2018-4-8 17:08:42 |Display all floors
robert237 Post time: 2018-4-8 12:07
This is one of the biggest avenues the US uses for massive amounts of free money.
Of course the sp ...

True...
Just listen to them moaning and groaning about Russia

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Post time 2018-4-8 17:13:50 |Display all floors
emanreus Post time: 2018-4-8 01:08
True...
Just listen to them moaning and groaning about Russia



True, the US moans and groans about every nation challenging its aspirations as the judge, jury, and police of the world.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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