No winner in a currency war

Shifting public debts to other countries, blocking Chinese investments and limiting exports will affect global recovery

It seems a wise decision by the Treasury Department of the United States to hold off releasing its semi-annual report to the Senate, thus delaying a decision on whether to brand China as a currency manipulator. There has been a nearly 2.6 percent rise in the value of the yuan against the dollar in recent months.

Although the currency conflict between China and the US is nothing new, and will definitely continue, it is very important for both sides that they find a way to achieve a win-win situation. The issue of currency management should not have been as highly politicized as it is.