Chinese and American officials meet in Beijing next month to discuss the exchange rate of RMB
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: on December 9, Phoenix Satellite TV reported on December 10 that U.S and Chinese officials will meet in Beijing next month to discuss the exchange rate of RMB and study what measures China can take to liberalize the currency market VPV officials said that during the meeting between President George Bush and Premier Wen Jiabao, the Chinese side discussed the issue of RMB exchange rate, and reiterated that the long-term goal is to make the RMB exchange rate freely floating, which is determined by the market George Bush indicated that he hoped China would make concrete progress in promoting more flexible exchange rate of RMB VPV in addition, White House spokesman McClellan said that George Bush reiterated during the meeting that the United States believes that the best international financial system is based on free trade, free capital flow, and exchange rate determined by the market The United States welcomes Wen Jiabao to reiterate his agreement with the United States, but recognizes that it is a complex process for the RMB exchange rate to be excessively determined by the market, The United States appreciates China's seeking assistance from the U.S Treasury VPv
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