The International Monetary Fund has softened its stand on the value of China's currency.
{"Image ImageDescription": "(FILES) Dated November 12, 2010 filed photo shows an illustration of Chinese currency 100 yuan notes issued by the People's Bank of China, fronted with an image of former Communist party leader Mao Zedong and on the rear, the parliament building Great Hall of the People, in Beijing.  The US Treasury cleared China of official accusations of currency manipulation February 4, 2011, 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 had not manipulated exchange rates \"for purposes of... gaining unfair competitive 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,\" China's behavior did not qualify under the official definition of manipulation, it said in the long-delayed report.     AFP PHOTO / Frederic J. BROWN / FILES (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)", "Image Orientation": "Horizontal (normal)", "Image XResolution": "300", "Image YResolution": "300", "Image ResolutionUnit": "Pixels/Inch", "Image Software": "Adobe Photoshop CS2 Windows", "Image DateTime": "2011:10:27 15:00:29", "Image Artist": "FREDERIC J. BROWN", "Image ExifOffset": "1256", "Thumbnail Compression": "JPEG (old-style)", "Thumbnail XResolution": "72", "Thumbnail YResolution": "72", "Thumbnail ResolutionUnit": "Pixels/Inch", "Thumbnail JPEGInterchangeFormat": "1396", "Thumbnail JPEGInterchangeFormatLength": "7939", "EXIF ColorSpace": "Uncalibrated", "EXIF ExifImageWidth": "3600", "EXIF ExifImageLength": "2312"}