The US would like China’s currency to reflect its economic strength
Conflicting statements about policy over China’s currency, the yuan, have thrown investors into confusion.The People’s Daily newspaper, the mouthpiece of the state, said markets would revalue the yuan next week – but China’s central bank denied the report.
BBC: Yuan confusion rattles investors
Posted by Xiao Qiang | May 11, 2005
Categories : China & the World,Economy,Top Article