the WHITE HOUSEPresident Barack Obama

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The White House
Office of the Press Secretary
For Immediate Release

Statement by the President on China's Decision to Increase the Flexibility of its Exchange Rate

China’s decision to increase the flexibility of its exchange rate is a constructive step that can help safeguard the recovery and contribute to a more balanced global economy.  I look forward to discussing these and other issues at the G-20 Summit in Toronto next weekend.