Fom Indiatimes.com: Finance ministers from the G-7 group of the world’s richest developed nations met in Canada over the weekend to discuss, amongst other things, the continuation of economic stimulus measures and tougher regulation of global banks. But exchange rate flexibility was also on the agenda.

A report to the finance officials recommends major economies with inflexible currencies consider strengthening them if the global economy is to be weaned off its dependence on spending by US consumers and the high level of savings in many Asian countries. No prizes for guessing the target of that recommendation—China and its yuan…………………………………Full Article: Source

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