Asia's economic development is a success story that has been decades in the making. But in the past decade, the region has become a key factor in a global imbalance marked by too much reliance on exports by countries in one part of the world and excessive consumption by countries in another part, such as the United States. As senior officials from the Asian Development Bank gather in Kyoto, Japan, some say the way to end this imbalance is through regional economic integration.
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Washington-based Asia and financial experts Thursday expressed frustration with the slow pace of China's commitment to allow market forces to play a bigger role in setting the exchange rate of its currency, the renminbi.
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