US accuses China of currency manipulation
The United States claims that China is deliberately keeping its currency between 25 and 40 percent undervalue, giving its manufactures an unfair advantage against imports and making Chinese exports even cheaper. As Treasury Secretary Timothy Geithner testifies before Congress at hearings designed to force China to revalue its currency, the BBC’s Mark Gregory gives us the latest from London.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!