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After spending several paragraphs calling out China for manipulating the yuan to keep its value...
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Tuesday, December 27, 2011, 4:41 PM ETAfter spending several paragraphs calling out China for manipulating the yuan to keep its value low, the Treasury Department declines to formally name the country a "currency manipulator." Treasury does note the 12% real appreciation in the yuan since June 2010 along with a decline in China's trade surplus as indicating the country is moving on the right path.
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Does anyone believe anything that comes from these folks anymore?