Daily Archives: February 28, 2016

U.S. urges China to keep moving to a market-oriented exchange rate

U.S. urges China to keep moving to a market-oriented exchange rate

الأحد 1437/5/19 هـ الموافق 2016/02/28 م واس

BEIJING, Jumada I 19, 1437, Feb 28, 2016, SPA — U.S. Treasury Secretary Jack Lew said on Sunday that it was critical for China to continue moving toward a more market-oriented exchange rate and clearly communicate its actions to the market, Reuters reported.

Lew made the remarks during a meeting with Chinese Vice Premier Wang Yang in Beijing, following a G20 finance ministers’ summit in Shanghai.

The world’s top economies declared on Saturday after the meeting that they need to look beyond ultra-low interest rates and printing money to shake the global economy out of its torpor, while renewing their focus on structural reform to spark activity.

–SPA
13:11 LOCAL TIME 10:11 GMT