Describing China’s policies as having the “effect of keeping the Chinese currency substantially undervalued”, US Treasury Secretary Timothy Geithner said in a speech in Washington that the devalued yuan threatened growth.
Ã¢â‚¬Å“If China does not allow the currency to appreciate more rapidly, it will run the risk of seeing domestic inflation accelerate and face greater risk of a damaging rise in asset prices, both of which will threaten future growth,Ã¢â‚¬Â Geithner said.
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