{"id":8876,"date":"2019-08-06T16:30:22","date_gmt":"2019-08-06T11:00:22","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=8876"},"modified":"2019-08-06T16:30:22","modified_gmt":"2019-08-06T11:00:22","slug":"united-states-designates-china-a-currency-manipulator","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/united-states-designates-china-a-currency-manipulator\/","title":{"rendered":"United States designates China a &#8220;currency manipulator&#8221;"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>The US has officially designated China as a currency manipulator.This decision was taken after China\u2019s central bank allowed the yuan to weaken in retaliation for new US tariffs.<\/li><li>A weaker yuan makes Chinese exports more competitive or cheaper to buy with foreign currencies.<\/li><li>The US Treasury department defines currency manipulation as when countries deliberately influence the exchange rate between their currency and the US dollar to gain unfair competitive advantage in international trade.<\/li><li>The US has said that it will now engage with the International Monetary Fund (IMF) to eliminate the unfair competitive advantage created by China&#8217;s latest actions.<\/li><li>It\u2019s the first time that the US has labeled a country a manipulator since the 1990s when China was also the target.Officially,the designation requires the US government to seek negotiations with the government accused of manipulation.<\/li><li>However,the US and China have been locked in a trade war since 2018 that has spilled into areas such as technology and now currency.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The US has officially designated China as a currency manipulator.This decision was taken after China\u2019s central bank allowed the yuan to weaken in retaliation for new US tariffs. A weaker yuan makes Chinese exports more competitive or cheaper to buy with foreign currencies. The US Treasury department defines currency manipulation as when countries deliberately influence&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/united-states-designates-china-a-currency-manipulator\/\">Continue reading <span class=\"screen-reader-text\">United States designates China a &#8220;currency manipulator&#8221;<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[164],"tags":[2353,5679,63],"class_list":["post-8876","post","type-post","status-publish","format-standard","hentry","category-international-relations-daily-factly-articles","tag-china","tag-currency-manipulator","tag-us","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704846954},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/8876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=8876"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/8876\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=8876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=8876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=8876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}