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Photo taken on March 16 Cheap Marco Estrada Jersey , 2014, shows yuan (central) and other currencies in the picture. [PhotoIC]
WASHINGTON - The US Treasury Department said on Wednesday that China cannot be ruled as a currency manipulator, but highlighted the need for sustained progress toward a market-driven exchange rate.


"The gradual appreciation of the renminbi this summer and low apparent levels of intervention indicate some renewed willingness by the authorities to allow a stronger domestic currency and to reduce intervention in line with Strategic & Economic Dialogue commitments," the department said in its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies.


"Even so Cheap Dalton Pompey Jersey , important metrics continue to indicate that the renminbi exchange rate remains significantly undervalued, highlighting the need for sustained progress toward a market-determined exchange rate," it said.


The report said the nominal effective exchange rate has appreciated 1.6 percent from the beginning of the year through end- September, but there are a number of continuing signs that the exchange rate adjustment process remains incomplete and the renminbi has to further appreciate before reaching its equilibrium.


"China should allow the market to play a greater role in determining the exchange rate Cheap Darwin Barney Jersey ," it said, which includes refraining from intervention within the band and adjusting the reference rate if market pressures push the exchange rate to the edge of the band.


It noted China's current account surplus in 2013 fell to below 2 percent of GDP, down significantly from its peak of 10.1 percent in 2007, driven by renminbi appreciation and very rapid growth of domestic investment.


The US Omnibus Trade and Competitiveness Act of 1988 requires the Treasury to provide reports on whether its major trading partners manipulate the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade.


In previous such reports from the Obama administration Cheap Ryan Goins Jersey , the US government did not label China as a "currency manipulator".


BEIJING, July 22 (Xinhuanet) -- A 144-year-old lightship that once guided vessels to safety in the waterways around Shanghai yesterday made a poignant return to the city.


The “Yingkou” first arrived in Shanghai in 1896 and was put to work near the mouth of the Yangtze River. Later this year it will take pride of place at a special exhibition planned by the China Maritime Museum.


Before being presented to the public, the 32-meter-long, 8-meter-wide vessel will undergo a program of renovation Cheap Justin Smoak Jersey , said Wang Jun, director of the museum’s cultural relics department.


“Repairs are needed to the deck and the light itself, but most of the vessel is still in good condition,” he said.


“The ‘Yingkou’ is a fine example of late-19th century shipbuilding and we will make sure we maintain its original appearance as best we can Cheap Kendrys Morales Jersey ,” he said.


The 220-ton vessel was built in Britain in 1871, before sailing to China and spending most of its working life near Yingkou Port in northeast China’s Liaoning Province.


Lightships, as their name suggests, act as beacons for vessels in waters that are difficult to navigate or even treacherous in the dark.


“The ‘Yingkou’ kept many ships safe Cheap B.J. Upton Jersey ,” said 89-year-old Wang Xianhua, who worked on the ship for 37 years.


The waterways near Yingkou Port are “some of the most challenging rivers in China,” he said.


“Before the ‘Yingkou’ went into service, ships would frequently run aground or even sink in that area Cheap Roy Halladay Jersey , so it helped prevent a lot of collisions and even lives,” he said.


？(Source: Shanghai Daily)




LONDON， June 12 (Xinhua) -- British Prime Minister David Cameron on Sunday expressed his horror by the shooting attack that happened in Orlando， the United States.


He tweeted: "I'm horrified by reports of the overnight shooting in Orlando. My thoughts are with the victims and their families."


Fifty people are now known to have died in a shooting in a gay nightclub in Orlando， Florida， according to the city's mayor Buddy Dyer.


Philip Hammond， the Secretary of State for Foreign and Commonwealth Affairs， also tweeted， "Shocked by shooting in Orlando". He noted that the Foreign and Commonwealth Office is in contact with the local authorities， adding， "Thoughts are with victims and families."


The mass shooting occurred earlier in the day at a gay nightclub in Orlando， Florida. It is the deadliest mass shooting in U.S. history.


U.S. President Barack Obama on Sunday called the shooting an "act of terror" and "act of hate." Enditem

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