Thursday, April 8, 2010

Geithner Leaves Beijing After Talks With Vice Premier

This article provides views of U.S. Treasury Secretary Timothy Geithner on the valuation of the Chinese yuan. The exchange of options between Geithner and vice premier Wang Qishan were related to the May meeting which will discuss the valuation of the Chinese yuan. If the Chinese currency is allowed to be valued by market demands, it most likely will have global repercussion.

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