US Presses China to Let Yuan Strengthen – but Avoids Controversial Label

US Urges Beijing to Stop Holding Down a ‘Substantially Undervalued’ Yuan

The U.S. Treasury is pressing China to allow the yuan to strengthen, arguing the currency is “substantially undervalued” and should move higher in line with market pressure and economic fundamentals. The call came in Treasury’s semiannual report to Congress on exchange-rate policies, which covers the four quarters through June 2025. The Treasury did not label any major trading partner a currency manipulator, but it singled out China for unusuall…

US presses China to let yuan strengthen – but avoids controversial label

Washington says it could still designate Beijing in future if evidence found that it limits currency’s strength.

US Treasury says Chinese Yuan undervalued, calling on China to allow its rate to strengthen

The US Treasury stated that the Chinese Yuan is “substantially undervalued” and called on China to allow its exchange rate to strengthen in a timely and orderly way, Bloomberg reported on Thursday.