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China should move to market-based exchange rate -U.S.'s Lew
May 13, 2014 / 3:05 AM / 4 years ago

China should move to market-based exchange rate -U.S.'s Lew

BEIJING, May 13 (Reuters) - It is important that China moves towards a market-based exchange rate, U.S. Treasury Secretary Jack Lew said during a visit on Tuesday, adding that China should also ensure a level playing field for all companies.

Lew said last week he would press Chinese officials to allow markets to play a bigger role in determining the value of China’s currency, saying there had been “negative movement” in recent months. (Reporting by Koh Gui Qing; Editing by Paul Tait)

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