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China does not manipulate the exchange rate of the yuan and such an accusation is totally unfounded, said an economist and former central bank monetary policy adviser ahead of the US Treasury's decision this week on whether to designate China as a "currency manipulator".
China did not and will not use exchange rates as a measure to cope with trade disputes, and the United States labeling the country as a "currency manipulator" is inconsistent with the quantitative criteria set by the US Treasury itself, the central bank said on Tuesday.
China has conducted studies on these routes and continuously strengthened hydrographic surveys to improve navigation, security and logistical capacities in the Arctic. It will encourage its enterprises to participate in infrastructure development and conduct commercial trial voyages, the white paper said.?
China has issued 4,318 force majeure certificates as of Thursday to protect companies from legal damage arising from the novel coronavirus epidemic. [Photo/Sipa]
China has become an integral part of the growth plans of many US businesses, not just because of its sheer size but also due to its strategic importance, according to Stephen Shafer, president of 3M China, the Minnesota-headquartered conglomerate.
来源：资阳报