“The Chinese side deeply regrets the decision of the United States to recognize China as a country that manipulates the exchange rate. This label does not even comply with the quantitative standards set by the United States for determining the currency manipulator, ”RIA Novosti quotes the Central Bank of China.
The statement notes that "this is an ill-conceived policy of unilateral actions and a manifestation of protectionism."
The Central Bank of China noted that the US decision seriously undermines international principles and will have an extremely negative impact on the global economy and finances.
Earlier, the US Treasury Department recognized China as a country manipulating the exchange rate.