Finance ministers from the Group of Seven (G7) industrialized countries used softer language towards China in a communique following a meeting in Rome, the Financial Times reported. The G7 praised China’s stimulus plan and the country’s "continued commitment to move to a more flexible exchange rate." After a previous meeting in October, the G7 had called for China to accelerate the appreciation of its currency, the renminbi. US Treasury Secretary Timothy Geithner also moderated his previous criticism of China’s currency policy in welcoming China’s stimulus efforts.
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