Bernanke urges action on China currency

Federal Reserve chairman-designate Ben Bernanke has called on China to reform its currency regime in the interests of its own economy.

The top White House economics adviser told a Senate confirmation hearing, "I think it's pretty much in China's own interest to allow their currency to float freely and be determined by the market."

Bernanke, the nominee to succeed Alan Greenspan as Fed chief, echoed other top US administration officials in urging China to play its part in unwinding global econom

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