China pledges to push forward with currency reform after U.S. criticism
BEIJING (Reuters) - China said on Wednesday that it will push forward with reform of its renminbi exchange rate mechanism after the United States criticised Beijing for keeping its currency weak.
China hopes the United States can see this clearly and "properly handle the relevant issues", China's Foreign Ministry spokeswoman, Hua Chunying, said at a daily news briefing.
The Obama administration on Tuesday stopped short of declaring China a currency manipulator, but expressed doubt over the resolve of the world's second-largest economy to let market forces guide the value of the yuan.
(Reporting by Megha Rajagopalan, Writing by Sui-Lee Wee)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.