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US Treasury Secretary Urges Currency Reform in China

U.S. Treasury Secretary Jack Lew is urging China to allow the market to play a bigger role in determining the value of its currency, the yuan. Lew made the comments in Beijing on Tuesday ahead of meetings with Premier Li Keqiang and Vice Premier Wang Yang. "It's important that China demonstrates a renewed commitment to move towards a more market-determined exchange rate, which would help provide a more balanced domestic growth and global trade, while moving towards...

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