The fall of the yuan not signal policy
December 5th, 2008
According to analysts, the sharp fall of the yuan this week does not show a major change in the foreign exchange rate policy or its long-term currency revaluation in this country. But the chief economist of Bank of Communications Lian Ping said the yuan should not rise too fast because that would hurt exporters, who have already hit by the global financial crisis.
Started on Nov 4, the two-day China-US Strategic Economic Dialogue (SED) Read more…
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