Trichet repeats calls for renminbi appreciation

Jean-Claude Trichet, the president of the European Central Bank, has again urged China to allow its currency to appreciate.

In an interview with Izvestia, a Russian magazine, published on Monday, Trichet said: "In emerging economies with large and growing current-account surpluses, especially China, it is desirable that their effective exchange rates move so that necessary adjustments occur."

Trichet, Jean-Claude Juncker, the prime minister of Luxembourg, and Joaquin Almunia, the European com