PBOC's Zhou: no G7 pressure for forex shift

Finance ministers of the Group of Seven did not show impatience with China's fixed exchange rate, Zhou Xiaochuan, governor of the People's Bank of China, said in an interview.

Although there was widespread agreement that flexibility in exchange rates was desirable, "nobody pushed very hard for specific countries," Zhou told CBS Marketwatch in an interview.

The Chinese central bank chief said he told the G7 and other ministers that "our priority is first to clean up the banking sector and then t

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