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As China Pushes Back On US Currency Pledge Claims, Credit Growth Crashes
The two sides discussed issues on the yuan including the need to abide by previous commitments made by the G-20 nations including not to engage in competitive depreciation and to communicate closely on currency issues. The negotiators discussed the necessity to respect the autonomy of each other’s monetary policy, a market-oriented foreign exchange mechanism and the disclosure of information according to International Monetary Fund standards.
That's from PBoC governor Yi Gang, speaking Sunday
