8 November 2023
“China’s failure to publish foreign exchange intervention and broader lack of transparency around key features of its exchange rate mechanism make China an outlier,” the Treasury said in its report.
The release comes just two days before Treasury Secretary Janet Yellen sits down with her Chinese counterpart, Vice Premier He Lifeng. Over two days of meetings, the duo are expected to help restore high-level economic dialogue that had largely lapsed during escalating bilateral tensions over issues ranging from trade to security.