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lears China of currency manipulation Veronica Smith AFP The US Treasury cleared China of official accusations of currency manipulation on Friday, but said progress toward allowing the yuan to appreciate was insufficient. In a report to Congress, the Treasury said that China, eight other countries and the eurozone were all innocent of charges that they manipulated exchange rates for purposes of ... gaining unfair petitive advantage in international trade. Based on the resumption of exchange rate flexibility last June and the acceleration of the pace of real bilateral appreciation over the past few months, China39。s secondlargest economy, and was a key topic of discussion when President Barack Obama hosted Chinese President Hu Jintao on a state visit last month. The United States accuses Beijing of keeping its currency undervalued, flooding the country with cheap exports and costing US jobs. US legislators have pushed the Obama administration to get tough with China ov