Currently one of the headlines making stories for the world media is whether the China's RMB will be allowed to float freely in the world currency market. It is perhaps against this program that the US Treasury Secretary Mr. John Snow paid an official visit to Beijing recently, apparently urging the Chinese government to let the market to determine the price of the currency. However, Premier Wen Jiabao said in his talks with John Snow that China is not prepared to adopt a flexible policy meaning to revalue the RMB. Yet the Chinese Premier did emphasize that in the future, from a long-term perspective, the Chinese government will allow the RMB to be determined by the market forces. Today the considerations of the China's government 's adoption of the current currency policy and outcome of Snow's trip to Beijing are to be further examined.
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