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Chinese Officials Assure Lew There's No Plan to Devalue Yuan

  • China's policy makers restated plans to rebalance economy
  • U.S. economy `is continuing to do pretty well,' Lew says
Bloomberg business news

Jack Lew: Renminbi Has to Go Up and Down With Markets

China’s officials said there is no intention or need to devalue the yuan, according to U.S. Treasury Secretary Jacob J Lew, who was speaking at a briefing in Hong Kong after Monday meetings with Premier Li Keqiang in Beijing.

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