China has made significant and promising reforms to its currency regime that will lead to further appreciation of the yuan against the dollar and other major currencies over time, U.S. Treasury Secretary Timothy Geithner said on Friday. Geithner, making a closing statement at the end of the annual Strategic and Economic Dialogue between the United States and China in Beijing, offered further encouragement to Chinese authorities in their efforts to liberalize the country's tightly controlled capital account and financial markets. "China has acted to move toward a more flexible exchange rate system in which the ... (full story)