The United States' labeling of China as a currency manipulator has no groun...
FILE PHOTO: U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo
BEIJING - The United States’ labeling of China as a currency manipulator has no grounds and does not accord with facts, China’s foreign exchange regulator said, the official Xinhua News Agency reported on Wednesday. The U.S. action will seriously worsen the global economic and trade environment and hurt global growth, said Wang Chunying, spokeswoman for the State Administration of Foreign Exchange.Reporting by Beijing Monitoring Desk; editing by Darren Schuettler
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