G7 officials to hold talks with China on foreign exchange

18 Apr, 2004

Officials from Japan, the United States and Europe plan to hold talks with their Chinese counterparts on foreign exchange reforms ahead of a meeting of Group of Seven ministers next week, a newspaper said on Saturday.
The informal talks are aimed at urging China to carry out foreign exchange reforms such as a revaluation of the Chinese yuan, the Mainichi Shimbun said, quoting an international monetary source.
The discussions may be held at the vice-minister level next Thursday, a day before the start of a meeting of Group of Seven finance ministers and central bank governors in Washington, the newspaper said.

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