EU to Pressure China on Currency – BBC News

_39337924_yuan_ap203b.jpg From BBC News:

The European Union (EU) is expected to pressure China to allow its currency to strengthen more quickly at a bilateral summit in China this week. The weak yuan has buoyed exports to Europe, which has seen its trade deficit with China soar.

“We will have a large tour d’horizon on all matters, including of course the currency question,” European Central Bank boss Jean-Claude Trichet said. But China wants to loosen control of its currency at its own pace. [Full Text]

See also CDT’s posts on Renminbi revaluation .

[Image: Europe is calling for the yuan to be strengthened, from AP. ]

Categories :

Tags :,,,


Subscribe to CDT


Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.