Hank Paulson Says Currency Flexibility Would Benefit China

Filed under: China

Former U.S. Treasury Secretary Henry Paulson, is on the wires again, this time underscoring that a flexible currency for China would be in China's interest.



"I believe very strongly that it is in China's interest to have currency flexibility, to keep moving the renminbi," Paulson said at the Boao Forum for Asia, using another name for the Chinese currency, Bloomberg News reported. "It gives the government a very valuable and I think it is going to become an increasingly necessary policy tool to deal with inflation."

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Hank Paulson Says Currency Flexibility Would Benefit China originally appeared on BloggingStocks on Mon, 12 Apr 2010 17:30:00 EST. Please see our terms for use of feeds.

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