RMB may keep basically stable
November 18th, 2008
Although there is possible increased pressure on China to appreciate its currency faster ahead of Saturday’s G20 summit in Washington, analysts said, the renminbi strengthens and China’s domestic economic outlook worsens.”
They stressed that the economic priorities of China decide that it cannot accept Western demands to speed up renminbi appreciation, as such a move have already been beaten by the global financial crisis. Read more…
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