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China-US trade pact take aim at currency manipulation – report

As part of a prospective deal on trade, the U.S. and China have agreed to measures that American officials say will deter Beijing from currency manipulation by requiring greater disclosure of economic actions, reported the Wall Street Journal citing current and former officials familiar with the negotiations.

The deal could also include penalties for China if it manipulates its currency to increase exports, which is in violation of international guidelines, according to the report.