Timothy Geithner, US Treasury secretary, will make an unscheduled visit to Beijing today, suggesting an understanding could be close on China's contentious pegged currency regime.
Mr Geithner will meet Wang Qishan, the vice-premier responsible for economic affairs, after spending two days in India.
The visit comes as Beijing appears to be preparing the ground publicly for a shift in exchange rate policy and days after the US Treasury postponed a decision over naming China a “currency manipulator”.
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