"It is crucial for China to form the Forex Market-Oriented Forex Rate System"

[sarahfx]

"The director of Treasury Department of United States, Timothy Geithner said, after the G20 Minister of Finance meeting that he is optimistic for the agreement on the forex rate all over the world.
As for the RMB forex rate issue, he said that China is steping to the forex market-oriented forex rate system, and majority of the members of G20 countries will conduct more pressures on China government to appreciate the RMB."