This is reported by RIA Novosti with reference to the semi-annual report of the Ministry of Finance on foreign exchange issues.
However, the agency said that China should take measures to "avoid the constantly weak currency."
According to the Ministry of Finance, the strengthening of the renminbi will be supported by a strong based Chinese economy and ongoing structural policies.
At the same time, the US authorities warned Taiwan and Thailand about their possible inclusion in the list of currency manipulators.
The agency also called on Germany to urgently cut taxes, as the country has a record surplus in the current balance.
Earlier, Bloomberg reported that the administration of US leader Donald Trump plans to remove China from the list of currency manipulators.
In August 2019, the U.S. Ministry of Finance recognized China as a currency-manipulating country after the People’s Bank of China lowered its renminbi rate by 229 basis points to 6.9225 yuan per dollar.
Subsequently, US President Donald Trump said that the depreciation of the renminbi almost to a historic low is "currency manipulation" by the PRC.
The expert at the RISI Center for Economic Research, Vyacheslav Kholodkov, in an interview with the FBA “Economics Today” commented on this decision of Washington.