'Currency manipulator' an outdated criticism

In a technical decision, but one that may have some political reading, the International Monetary Fund said on Tuesday that the Chinese currency is no longer seen as being undervalued.

Previously, the Chinese currency was labeled by the international financial institution as "modestly undervalued"; even earlier, the alleged undervaluation was referred to as a "major factor causing the large imbalances" in the global market and in China.

So the IMF statement is in fact an assessment that things have changed over the last few years.