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Merkel may raise yuan exchange rate on China trip

Reuters
August 28, 2012
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German Chancellor Angela Merkel may raise the issue of foreign exchange rate flexibility for the yuan currency when she visits China this week, a senior German official said on Tuesday.
 
"We can't exclude that exchange rate flexibility will be discussed," the official said at a government briefing before Merkel leaves for China on Wednesday.
 
The official, who requested anonymity, added that Merkel needed to convince China that the euro zone was a secure investment after Chinese investors took losses during the restructuring of Greece's debt.
 
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