Recently, the U.S. Treasury Department released a foreign exchange rate report, and Communist China continued to be included in the watch list of currency manipulators. The U.S. Treasury Department has not designated any trading partners as currency manipulators.
The exchange rate report is for the purpose of examining the macroeconomic and foreign exchange policies of major U.S. trading partners. In 2021, the report directly called Beijing out, saying that Communist China has not released foreign exchange intervention data, and the main characteristics of the exchange rate mechanism lack transparency, making Communist China an outlier among major economies. The U.S. Treasury Department said it will pay close attention to the foreign exchange behavior of Chinese state-owned banks in the future.
In addition, countries included in the currency manipulator watch list include: Japan, South Korea, Germany, Italy, India, Malaysia, Singapore, Thailand and Mexico.
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