China Needs More Flexible Foreign Exchange Policy, IMF Chief De Rato Says

(Bloomberg) -- China needs to have ``more
flexibility'' in its exchange rate policy, International
Monetary Fund Managing Director Rodrigo de Rato said in Manila.

Separately, De Rato said ``substantial flows'' of funds
worldwide raise the ``danger of abrupt reversal'' and may
produce ``sudden shocks.'' De Rato was speaking to businessmen
in Manila.


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