China Accuses U.S. of ‘Protectionism’ After Being Branded Currency Manipulator

* The People’s Bank of China said that the U.S. designation of China as a currency manipulator cannot be justified by its own standards and is an act of “protectionism”

* Analysts said it was unusual to brand China a currency manipulator because the country met only one of the three criteria for the label set by the U.S. Treasury Department.