China received broad international support for its economic policy and changes to its currency peg on Saturday, with finance ministers and central bankers from the world’s leading economies accepting Beijing was managing a difficult economic transition.
The Chinese authorities managed to convince most leading finance ministers and central bankers that is devaluation and new currency management arrangements were a step on the road to a more market-determined exchange rate.
Their success dispelled some official fears that China’s new exchange rate regime, introduced on August 11 and which has sparked global turmoil in financial markets, was a competitive devaluation designed to boost its exports.
您已閱讀22%（701字），剩餘78%（2479字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。