G7 Ministers up Pressure on China – BBC

From BBC News:

Finance ministers and bankers from the Group of Seven (G7) leading industrial nations have renewed pressure on China to relax controls over its currency.

Beijing needed to speed-up efforts to improve the exchange rate flexibility of its yuan currency, G7 ministers said at the end of their meeting in Germany.

The G7 nations sounded an upbeat note over prospects for the global economy, forecasting growth of 5% this year. They also declared confidence in Japan’s recent economic recovery.[Full Text]