United States Treasury Department released a report that does not have the Chinese exchange rate as currency manipulation powers

Washington--on 8 Jul 08 United States Treasury Department formally submitted to Congress has been delayed a few months of 2009, the second half of the international economic and exchange rate policy report (hereinafter referred to as the "exchange rate report"). The report finds that the United States, including China, the major trade partners are manipulating its currency and exchange rate between the US dollar.

United States in 1988, the integrated trade and competitiveness Act requires the Minister of Finance offers a half-year once the United States the main trade partners of the "exchange rate report". Under the Act No. 3004, the report must be considered whether States to prevent and effectively adjust the balance of payments, or to international trade for unfair competitive advantage and manipulating its currency against the US dollar exchange rate.

United States Treasury Department 8 day reporting period for the 2009 July 1 to December 31, 2009, but also includes the first half of 2010, the relevant information available. The report concluded that the United States any major trading partners during this period have not reached the Act set out in section 3004.

The report noted that in all major economies, with the exception of Brazil, the United States in 2009 and each economies of bilateral trade imbalances are easing. The United States current account deficit in 10 years, the lowest level.

The report states that the 2010 June 19, China announced a fixed dollar exchange rate of RMB to stop, back to a more flexible, more market-oriented exchange rate system.

In addition, the report also praised China 2009, as global economic growth provides important support. In this year, world demand declined 0.6%, China achieve domestic demand growth of 13%, as global economic growth contributed 1.6 percentage points. China's economic stimulus measures led to the United States exports to China in the second half of 2009 increased by 15% over the same period in the United States on the rest of the world's exports declined 13%.

The report scheduled for 15 April this year, but the United States Government has recently decided to postpone the publication. In Obama took office has published two reports of the United States Department of the Treasury, are announced, did not find a trade partner manipulated currency exchange rate for unfair trade advantages.