China pledges to push currency reform

Comment on this story
Copy of Yuan Reuters One-hundred Yuan notes are seen in this picture illustration.

Beijing - China said on Wednesday that it will push forward with reform of its renminbi exchange rate mechanism after the United States criticised Beijing for keeping its currency weak.

China hopes the United States can see this clearly and “properly handle the relevant issues”, China's Foreign Ministry spokeswoman, Hua Chunying, said at a daily news briefing.

The Obama administration on Tuesday stopped short of declaring China a currency manipulator, but expressed doubt over the resolve of the world's second-largest economy to let market forces guide the value of the yuan.


sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines