US and China plan currency talks

Officials from the US Treasury will visit China in the next couple of weeks to discuss the renminbi and how China could increase flexibility in its exchange rate system.

Officials said the move by China to allow the visit means the People's Bank of China (PBOC) felt the need to take technical advice on how its exchange mechanism could be made more flexible.

Speculation has increased over the future of the renminbi this week after a report in the China Business Post, a semi-official newspaper, s

To continue reading...