Tag: Currency evaluation

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IMF: China’s Currency ‘Substantially Undervalued’; Asian Growth to Slow

The IMF has called on China to allow for greater exchange rate flexibility. From AFP: In its half-yearly World Economic Outlook report, the IMF said a more flexible yuan, or renminbi, would help China shift growth momentum towards domestic sources and make its monetary policy more effective. “In the IMF staff’s view, the renminbi remains substantially undervalued relative to medium-ter