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 , 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]

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