Labeling China 'currency manipulator' unreasonable

China will not revise its foreign exchange policies as the United States labeling it "a currency manipulator" is unreasonable and unlikely to get support from multilateral mechanisms, according to Chinese officials and analysts.

Based on available facts and evidence, it is unlikely that the International Monetary Fund - the most authoritative organization to arbitrate currency manipulation - will stand by the US in accusing China of being a currency manipulator, they said. Without such support from the multilateral organization, the US accusation will not hold up, they added.

An IMF spokesperson told China Daily on Thursday that "discussions with the US Treasury Department are ongoing on a range of issues". The "range of issues" is not confined to the currency manipulation accusation, the spokesperson added.