China hints at yuan appreciation -BBC

 41006730 China203Ap From BBC NEWS:

The Chinese government has hinted that it is planning to gradually increase the value of the yuan next year.

Influential government think-tank State Information Centre said the “trend” would be for the currency to rise.

Such a move by Beijing would be welcomed by the US, which has long claimed that China keeps the yuan artificially undervalued.

China keeps the yuan tied at a fixed rate against the dollar rather than allowing it to trade freely.

November 11, 2005 7:12 AM
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