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I.

Washington is again seeking to increase pressure on Beijing to allow its currency reducing the US trade deficit with China.

since last July when China its decade-long exchange rate peg to Renminbi has since been allowed to rise by less than 1 per cent against the dollar.

that Beijing needed to open its capital account further to create more foreign exchange demand and a more market-oriented exchange rate. Ms Wu told Caijing Magazine that country’s trade and investment surpluses.

John Snow, US Treasury secretary, hinted strongly last week that his department formally to accuse China of being a “currency manipulator” in its next report on trade and exchange rates, saying the regime that Beijing introduced last summer had 2012 年 考试科目代码考试科目名称 综合英语（二） （本考试科目共 3页，第1 页）