FOREX TRADING : GEITHNER SAYS THAT CHINA IS NOW SERIOUSLY INVOLVED IN GLOBAL FOREX ISSUES

Geithner said that China is an independent country and has her own monetary policy which can only be effective over time if they show flexibility in their monetary policy; which can only be achieved through appreciation of Yuan. Geithner said that China has taken appropriate measures to cope with the appreciation needs but still a lot is to be done. But Geithner has not yet expressly stated that China uses currency devaluation as a ploy to gain export advantage.