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Comment (By Langi Chiang
ST ANDREWS, Scotland, Nov 7 (Reuters) - China on Saturdayshrugged off international pressure to appreciate its currency,saying developed countries should focus on the quality of theirown economic policy-making.
Chinese Finance Minister Xie Xuren, speaking after financeministers and central bank governors of the Group of 20 nationsmet in Scotland, said countries with global reserve currenciesshould work to maintain the currencies' value to avoiddestabilising the world economy.
"All countries should pay attention to the sustainability oftheir fiscal policies and economic growth, and take timely andeffective steps to address potential risks, includinginflation," China's official Xinhua news agency quoted Xie assaying.
Chinese central bank governor Zhou Xiaochuan said theInternational Monetary Fund should increase its monitoring ofeconomic policies and financial markets in developed countrie...
