us treasury

February 3, 2009

HONG KONG-The media in this commerce-fueled city have been fascinated by the fallout from Treasury Secretary Tim Geithner's recent Senate testimony asserting that mainland China "manipulated" its currency. The South China Morning Post prominently ran a Reuters analysis today that argued that "manipulated" is too harsh a term, and that "managed" would be better; besides, the article argued, the U.S. itself could equally be accused of currency manipulation.