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O'Neill of Goldman Sachs Expects 'Greater Flexibility' on Yuan
Jim O'Neill, head of global economic research at Goldman Sachs Group Inc., talks with Bloomberg's Paul George from London about China's decision today to increase the amount its currency can appreciate, U.S.-China relations and the outlook for the yuan. China widened the yuan's daily trading limit, allowing faster gains in the currency to cool the economy and cut a record trade surplus that has strained ties with the U.S. and Europe. (Source: Bloomberg)
Bloomberg | May 18, 2007
