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Geithner says market should play a bigger role in RMB exchange rate

Source: Internet
Author: User
Keywords China RMB exchange rate China
Tags consumption driving driving force economic economic growth exchange exchange rate exports
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April 30 Morning News, according to foreign media reports, U.S. Treasury Secretary Timothy Geithner said in Thursday that the market should play a greater role in the renminbi exchange rate. "China's economic growth is moving towards domestic consumption as a driving force towards less reliance on U.S. exports, which is very important to us, and we believe it is important to update the process of renminbi exchange rate reform," Reuters reported, citing Mr Geithner. "said Geithner.

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