“US Treasury Secretary Timothy Geithner has said he believes China is now “committed” to allowing the yuan to go up in value. Mr Geithner made the comment in a TV interview before he held talks with China’s Vice-Premier, Wang Qishan. The US has long said China keeps the value of the yuan artificially low to make its exports more competitive, something Beijing denies. Mr Geithner met with Mr Wang in the Chinese port of Qingdao, following the G20 meeting in South Korea.” more ….

Source: BBC Online

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