IT was a year of visitations and bold ventures with Russia and China, of a uniquely personal triumph at the polls for the President, of hopes raised and lately dashed for peace in Viet Nam.
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US hardens stance on Chinese currency
The Obama administration said on Thursday that it had “serious concerns” about the value of the renminbi, but stopped short of accusing China of manipulating its currency in a closely watched report to Congress. The Treasury toughened its language on China in its semi-annual report on exchange rate policies