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Sunday, October 10, 2010

America's Timothy Geithner warns China on yuan

US Treasury Secretary Timothy Geithner. Photo: October 2010 Timothy Geithner made some very pointed comments without naming any countries
US Treasury Secretary Timothy Geithner has pressed China to let the value of the yuan rise against other currencies.
Speaking at IMF talks in Washington, Mr Geithner said nations relying too much on exports must change their policies, or global economic growth would slow.
He said major emerging economies should move towards "a more flexible, market-oriented currency policy".

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