China avoids being called 'currency manipulator'

The US Treasury declined to label China as such.

OCBC Treasury Research noted:

The US Treasury declined to name China as currency manipulator in its semi annual report despite it believed that China’s currency remained undervalued. The report said China has significantly reduced its intervention in foreign exchange markets and loosened capital control.

The OECD lowered its 2013 GDP forecast for China to 8.5% from previously 9.3%, still above market consensus.

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