APEC Pledges to Back "Market-Oriented" FX Rates

Finance ministers of APEC endorsed "market-oriented" FX rates, which is usually diplomatic code for China to let its yuan appreciate. Richard Urwin, head of asset allocation & economics research at Blackrock, discusses the future of the yuan, with CNBC's Martin Soong.

CNBC | November 13, 2009

Tags:. .allocation. .apec. .yuan. .cnbc. .blackrock