PBoC deputy weighs in on exchange rate battles

With the US and China engaged in talks over the latter's large trade surplus, Su Ning, the deputy governor of the People's Bank of China has said that the surplus has not been caused by the yuan-dollar exchange rate but that the country nonetheless remains committed to reforming its exchange rate system.

"It is not reasonable to set a linkage between (the) trade problem and (the) exchange rate," the central bank deputy told a conference in Tallinn, Estonia.

Rather, she said, China's trade sur

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