China "notes" Geithner renminbi claims

An official at the People's Bank of China has said the central bank had noted US Treasury secretary designate Tim Geithner's claims that President Barack Obama believes Beijing is manipulating the renminbi to boost exports.

An official told Reuters, a news agency: "We have reported them to relevant government departments and are awaiting a response."

In written testimony, prepared for the Senate Finance Committee, Geithner said: "President Obama - backed by the conclusions of a broad range of