G-7 Ministers Renew Pressure on China

From Associated Press via Forbes

Finance ministers and central bank governors from the Group of Seven nations, meeting for the final time this year, singled out China in their closing statement as they warned about excess volatility and disorderly movements in exchange rates.

The statement was stronger than the group’s communique following its September meeting, which welcomed China’s decision in July to let its yuan currency trade more freely but stopped short of pressing for further reforms.

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