PARIS, (Reuters) – China rejected plans yesterday to use real exchange rates and currency reserves to measure global economic imbalances, casting heavy doubt on the ability of Group of 20 major economic powers to reach agreement.
Speaking shortly before the start of a two-day meeting of finance ministers and central bankers, Chinese Finance Minister Xie Xuren also said the G20 should use trade figures rather than current account balances to assess economic distortions.
G20 countries, which together account for 85 percent of world economic output, are trying to agree a set of measurements
