US to continue pressing China on currency policy: Lew

The United States will keep pressing China to move to a market-determined exchange rate even after Beijing committed to intervene in currency markets only when market conditions are disorderly, Treasury Secretary Jack Lew said on Wednesday. 

PHOTO: REUTERS

JUN 25, 20157:17 AM

[WASHINGTON] The United States will keep pressing China to move to a market-determined exchange rate even after Beijing committed to intervene in currency markets only when market conditions are disorderly, Treasury Secretary Jack Lew said on Wednesday.

Mr Lew added that the true test of China's commitment will come when its currency comes under pressure to appreciate.

REUTERS