Politics | China's actions may warrant 'forex manipulator label': nominee
Steven Mnuchin testifies before a Senate Finance Committee confirmation hearing on his nomination to be Treasury secretary in Washington, U.S., January 19, 2017. REUTERS/Joshua Roberts
Steven Mnuchin testifies before a Senate Finance Committee confirmation hearing on his nomination to be Treasury secretary in Washington, U.S., January 19, 2017. REUTERS/Joshua Roberts

China’s actions may warrant ‘forex manipulator label’: nominee

The US Treasury would recommend the move if Beijing began unfairly managing the yuan's value, says treasury chief nominee Steven Mnuchin

January 20, 2017 8:33 AM (UTC+8)

The US Treasury would recommend China be considered a currency manipulator if Beijing began unfairly managing the yuan’s value, President-elect Donald Trump’s nominee to run the Treasury department, Steven Mnuchin, said on Thursday.

Asked in a US Senate hearing if he would recommend Trump formally designate China a currency manipulator if it started manipulating its currency again, Mnuchin said: “I would.”

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