U.S. Treasury Secretary: China lives up to its exchange rate policy commitment

U.S. Secretary of Treasury Jacob Lew said on Wednesday that China’s current RMB exchange rate fluctuations reflect market forces, pointing to the G20 forums as important mechanism to foster global commitments.
Market forces are now putting downward pressure on the RMB, and the U.S. needs to accept that, Lew said in the question and answer session at the G20 Hangzhou summit preview event held by the Brookings Institution.

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