On the “Jack Lew does China” roadshow the US Treasury secretary says that the US and China agree to intensify talks on a bilateral investment treaty and that an agreement on FX successfully reflects the decision by China to move to a market determined exchange rate.
The experience of the next few months will tell a lot about the real impacts of the decisions made by China and he’ll watch what happens over the coming months.
After talks he was then presented with a memento of the occasion.
Guaranteed to keep waving for at least 30 minutes between winds
