May 18, 2010 / 4:16 PM / 9 years ago

US senators say China suppresses IMF yuan criticism

WASHINGTON, May 18 (Reuters) - A group of nine U.S. senators on Tuesday urged the Obama administration to pressure China to release an International Monetary Fund report that they believe shows Beijing manipulates its yuan currency.

The senators, led by Charles Schumer, a New York Democrat and Lindsey Graham, a South Carolina Republican, said in a letter to U.S. Treasury Secretary Timothy Geithner that he should demand that China release the report at an economic summit in Beijing next week.

They said China had suppressed the IMF staff report from the fund’s annual Article IV consultation with China last summer. Such staff reports contain assessments of a country’s currency policies, but IMF member states can decide whether or not to release them.

“This report could be the smoking gun that confirms that China has been intentionally manipulating its currency to gain an unfair trade advantage,” Schumer said in a statement. “The fact that China insists on keeping the report under wraps is reason to believe they have something to hide. The administration should press for the report’s release at next week’s summit,” Schumer said in a statement. (Reporting by David Lawder)

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