China denies ever manipulating currency after U.S. lifts designation

China said Tuesday it has never been a currency manipulator, a designation the U.S. Treasury Department removed earlier, just days before the two countries are expected to sign a "Phase One" trade deal."The latest U.S. conclusion is consistent with the truth and the consensus of the international community," Foreign Ministry spokesman Geng Shuang said at a regular press briefing, citing the International Monetary Fund's report last August that said China's currency was fairly valued."We will not engage in competitive devaluation of the currency, nor will we use the exchange rate as a tool t…READ FULL ARTICLE