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America’s Timothy Geithner warns China on yuan

Posted on 11 October 2010

From BBC: US Treasury Secretary Timothy Geithner has pressed China to let the value of the yuan rise against other currencies. Geithner said nations relying too much on exports must change their policies, or global economic growth would slow.

He said major emerging economies should move towards “a more flexible, market-oriented currency policy”…………………………………….Full Article: Source

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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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