(Reuters) - "Treasury was unable to determine that China's exchange
rate policy was carried out for the purpose of preventing
effective balance of payments adjustment or gaining unfair
competitive advantage in international trade," the department
said.
The finding was unsurprising in view of Treasury Secretary
Henry Paulson's contention, repeated on Tuesday, that
persuasion is more likely than legislation to get Beijing to
alter its policy.
Read more at Reuters.com Bonds News
rate policy was carried out for the purpose of preventing
effective balance of payments adjustment or gaining unfair
competitive advantage in international trade," the department
said.
The finding was unsurprising in view of Treasury Secretary
Henry Paulson's contention, repeated on Tuesday, that
persuasion is more likely than legislation to get Beijing to
alter its policy.
Read more at Reuters.com Bonds News
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