Wen Pledged to Obama More Flexibility on Yuan Moves, CCTV Says
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Premier Wen Jiabao pledged to U.S. President Barack Obama that China will increase the flexibility of fluctuations in its currency, the official China Central Television reported.
China will push forward yuan reform in an active, gradual and controllable manner, the television station cited Wen as telling Obama Nov. 19 in Bali, Indonesia. China is closely monitoring changes in the yuan’s exchange rate, the report said.