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WASHINGTON Air Vapormax Mens , April 15 (Xinhua) -- The U.S. Treasury Department said on Tuesday that China cannot be ruled as a currency manipulator, but said the pace of RMB's appreciation has been insufficient.


"China's currency (RMB) appreciated on a trade-weighted basis in 2013 but not as fast or by as much as is needed," the U.S. Treasury said in the latest semi-annual Report to Congress on International Economic and Exchange Rate Policies.


Meanwhile Air Vapormax Womens , it noted "the recent widening of the trading band gives China the opportunity to reduce intervention and allow the market to play a greater role in determining the exchange rate."


According to the report, the RMB appreciated by 2.9 percent against the U.S. dollar in 2013, and China's current account surplus declined to 2.1 percent of gross domestic product (GDP) in 2013 Air Vapormax Shoes , down from 2.3 percent of GDP in 2012 and from a peak of over 10 percent in 2007.


The report also noted that China's leadership has expressed "a strong desire" for exchange rate reform, and the Third Plenum decision document underlines the goal to "perfect the market-based renminbi exchange rate formation mechanism."


However, the U.S. Treasury voiced concerns over recent volatility of RMB value Air Vapormax 2018 , saying "the RMB's recent depreciation underlines the importance of a significant increase in the transparency of China's actions in the foreign exchange market."


The Treasury said it will continue to carefully monitor China's exchange rate regime and the path of China's currency and will press for further policy changes.


Yi Gang, deputy governor of the People's Bank of China, said last week in Washington that the recent depreciation in the value of Chinese currency is within "normal" range and China is still on track toward a more market-oriented exchange rate regime.


He said he expected yuan's flexibility to increase in the future with two-way fluctuation instead of one way appreciation.


"I believe that Air Vapormax Flyknit , as time passes by, people will see clearly and better that the entire exchange rate regime mechanism in China is moving toward a market-oriented way," he added.


The U.S. 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 Air Vapormax , the U.S. government did not label China as a "currency manipulator".


JAKARTA, June 20 (Xinhua) -- Indonesia and South Korea on Friday agreed to cooperate on training program for junior badminton players from the two countries.


Secretary General of the Badminton Association of Indonesia (PBSI) Anton Subowo and Executive Director of the Badminton Korea Association (BKA) Kim Joong Soo signed the Memorandum of Understanding (MoU) on the joint training program for the junior athletes at Istora Senayan sport compound.


"The MoU is a win-win solution for both countries," Kim said after the signing.


He disclosed that the cooperation would also include on the exchange of skill or knowledge.


"Later Cheap Nike Vapormax , there will be exchanges of knowledge between Indonesia and South Korea," Kim added.


Anton said that the agreement would take affect permanently in a long time, saying both sides expect to improve from the collaboration.




UNITED NATIONS, July 27 (Xinhua) -- The Inter-Government Negotiations of the UN Security Council reform, or IGN, should continue to be led by UN member states, said a Chinese envoy to the United Nations Wednesday.


The UN General Assembly adopted a brief and technical decision to roll the IGN process over to the next session in a plenary meeting.


"The IGN should uphold the ownership and leadership of the member states and be based on the positions, proposals and suggestions and ideas of the entire membership," said Liu Jieyi, China's permanent representative to the UN, after the decision was adopted at the meeting.


Since 2009, IGN has in general followed the UN membership-led principle. However, there have also been some missteps, Liu said.


The envoy said that during the current General Assembly session, the member states conducted "candid and in-depth" discussion on the five categories of issues concerning Security Council reform. "The IGN has returned to the right track of UN membership ownership and leadership," Liu added.


China welcomes the positive efforts made by General Assembly president Mogens Lykketoft and Luxembourg's envoy to the UN, Sylvie Lucas, who has been the IGN chair since October, 2015, Liu said.


China hopes that the IGN during next session of GA will continue to uphold the leadership of the member states, and that all sides will continue to undertake extensive and democratic discussions on the five category of issues, meet each other halfway and gradually foster conditions for seeking a package of solutions and finding the broadest consensus, said Liu.


"China stands ready to work with all stakeholders to contribute to moving forward the Security Council reform along the line of conforming to the common interests of member states and long-term interests of the United Nations," he noted.


South African police on Tuesday released the facial composites of two men wanted for shooting dead national soccer captain Senzo Meyiwa Nike Vapormax Sale , during a robbery at his pop star girlfriend's home.


The 27-year-old goalkeeper was killed late Sunday after burglars broke into Kelly Khumalo's house near Johannesburg.


No arrests have yet been made, but police have launched a manhunt and released sketches recreated from eyewitness descriptions of one dreadlocked man and another with a hoodie.


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