It was the US Treasury Department that announced on Monday evening that China will no longer be referred to as a currency manipulator.
The news comes two days before the two countries sign a partial trade agreement, an event that marks the end of a nearly two-year trade dispute between them.
The buried indictment also takes down President Donald Trump's escalation in August, when he campaigned as a campaign promise to brand China as a currency manipulator.
"China is weakening its currency to steal our companies and factories," he said.
In connection with the Ministry of Finance's announcement, Nasdaq's composite index rose by more than one percent.