China Digital Times

China news tagged with: renminbi rate (3)

• China To keep Yuan Weak Until Crisis Over: Experts

  

  From AFP:

  China will maintain a weak yuan until its export sector has recovered from the global crisis, prioritising concerns at home despite growing pressure from its major trading partners, analysts say.

  The United States and European Union have been pushing China to let the yuan fluctuate, but their calls have so far fallen on deaf ears as Beijing is focused on creating enough jobs to avert social unrest, they said.

  “Their focus is domestic issues, not foreign issues,” Ben Simpfendorfer, a Hong Kong-based economist at the Royal Bank of Scotland, told AFP.

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  • October 25, 2009 4:14 PM

• Why is the appreciation of Renminbi suspended?

  

  From China Economic Net: “The topic on the appreciation of Renminbi has been actually talked about for more than two years now. The recent rise of the topic can be ascribed to changes in the international economic and political situation and remarks made by Zhou Xiaochuan, governor of the People’s Bank of China during the National Day holiday that improving the Renminbi exchange rate forming mechanism means “greater flexibility”. The remarks sparkle imaginations for people in the market.
   
  Recently China’s State Administration of Foreign Exchange dispelled rumors about the appreciation of Renminbi, denying speculation that the currency would be revalued in the near future once again. So why does China stick to its ground and not let its currency appreciate? ‘

  The full article is here.

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  • October 20, 2004 10:49 AM

• China at G-7 Meeting for First Time

  

  Washington Post had an article on China at G-7 meeting, and the U.S. approach on currency issues.

  “China made its debut last night in the club of the world’s leading economic powers, as international pressure mounts to change a decade-old currency peg that critics accuse of giving Chinese products an unfair competitive edge. ”

  » Read more
  • October 2, 2004 8:22 AM

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