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Apr 18, 2012

Economy: Economic News, Policy & Analysis - The Washington Post: Geithner: Recent China currency and trade moves “significant”

Economy: Economic News, Policy & Analysis - The Washington Post
Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.
Geithner: Recent China currency and trade moves "significant"
Apr 18th 2012, 23:18

A series of steps by China in recent weeks is encouraging U.S. officials that Beijing is proceeding with changes to currency and other financial policies that the two countries have long disputed.

Chinese leaders have moved to free up trading of their currency, the renminbi, and offered high-level criticism of state-owned banks. At the same time, China has seen a sharp reduction in the surplus its runs with the rest of the world in trade and financial flows.

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