The Chinese have said they want to move to a more flexible currency system but cannot until they make reforms to the country's financial system. They have given no timetable for when they believe they will be ready to allow their currency's value to be set by market forces.
APEC's members are Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, the US and Vietnam.
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