China Currency Reform Meets U.S. Satisfaction.

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    • Abstract:
      The article reports on the progress of China in its currency reform which could lead to punitive actions between the two biggest economies of China and the U.S., according to the U.S. Treasury Department. It mentions that the Chinese government has identified its shift from growth driven to a greater reliance on domestic consumption. Moreover, China depreciate its currency which may lead to unfair priced exports.