world-economy

Treasury Flags China's Currency Opacity in Trade Relations

The US Treasury Department has singled out China for insufficient transparency in its currency management practices, according to a semiannual foreign-exchange report released Thursday. China stands out among US trading partners for its relative lack of transparency around exchange-rate policy and monetary operations. The Treasury's findings underscore mounting concerns among American policymakers about visibility into Beijing's financial practices. The report comes as trade tensions between Washington and Beijing remain elevated across multiple sectors. Currency management has emerged as a recurring friction point in bilateral relations, with US officials expressing frustration over opaque decision-making processes. The Treasury's public criticism signals potential pressure on China to provide greater clarity on how it manages its yuan relative to the dollar and other major currencies.