From Bloomberg.com:
U.S. Treasury Undersecretary John Taylor said that China remains willing to end its decade-long currency peg.
“The Chinese continue to emphasize their commitment to move to a flexible exchange rate, and we have seen steps that are consistent with a move in this direction,” Taylor told reporters after a meeting of finance ministers and central bankers from the Group of Seven industrial nations in London.
But Xinhua also published a news article entitled “China’s top banker denies RMB undervalued“.
