Saturday, September 11, 2010

Geithner Says China Needs to Let Market Drive Up Yuan

Rebecca Christiejavascript:void(0)
September 9, 2010

U.S. Treasury Secretary Timothy F. Geithner said China must let the yuan rise more quickly to show trading partners that it’s following through on its promises.

“Frankly they haven’t let the currency move very much so far,” Geithner said yesterday in an interview on Bloomberg Television in Washington. “They know they’re just at the beginning of that process and I think we’d like to see them move more quickly.”
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