Treasury Secretary Jacob J. Lew pushed China on Tuesday to let market forces decide its exchange rate, and pressed senior officials here not to undercut the Obama administration’s sanctions on Russia.
On his third trip to China since becoming Treasury secretary, Mr. Lew carried a familiar agenda: greater market access for foreign investors, less government control of exchange rate policy and concern about the overall health of the Chinese economy.
The Obama administration warned China last month that the renminbi was too weak, and American lawmakers have threatened to designate China a currency manipulator if the government does not loosen its hold on the currency.
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