The eurozone crisis underscores China's need to rebalance its economy, U.S. Secretary of...

|By:, SA News Editor

The eurozone crisis underscores China's need to rebalance its economy, U.S. Secretary of Commerce Gary Locke tells investors in Beijing this morning, pressing again for a more flexible yuan. "You need to export less to other countries. And now that you're affected by the EU, it is all the more urgent to not be so reliant on exports to build your economy and instead to increase your domestic consumption."