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Saturday, 31 July 2010
China Daily
BEIJING - China will chart its own course on currency reform based on its needs, and external pressure will only delay the reform, Assistant Finance Minister Zhu Guangyao said on Tuesday. "China and the US have reached consensus that the US understands that China will independently decide on the specific steps of its exchange rate reforms, based on its own interests, taking into account world economic conditions and China's own development trends," he said. Zhu made the remarks after the closing ceremony of the second round of the China-US Strategic and Economic Dialogue in Beijing. In his...
Chinese President Hu Jintao, right, reaches out to shake hands with U.S. Treasury Secretary Timothy Geithner, left, alongside U.S. Secretary of State Hillary Clinton prior to their meeting at the Great Hall of the People in Beijing, China, Tuesday,May 25, 2010.
photo: AP / Saul Loeb, Pool


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