Central Bank of China still lowered the renminbi to the dollar

It is noted that on August 7, the Chinese regulator set the exchange rate at 6.9996 per dollar.

Earlier, the US Treasury Department recognized China as a country manipulating the exchange rate.

The expert at the RISI Center for Economic Research, Vyacheslav Kholodkov, in an interview with the FBA “Economics Today” commented on this decision of the US Treasury.