China talks of eventual currency shift ahead of G7

September 15 - Reuters - China, accused by critics of keeping its currency artificially weak for economic gain, said on Friday it would ease its grip on the yuan at some stage, but it remained coy about when. Before a meeting of the Group of Seven industrialized powers on Saturday, Chinese central bank governor Zhou Xiaochuan did not offer a timeframe but said his country at some point would allow for a wider band in which the yuan, or renminbi, could trade against major currencies. Read More.