Reuters: China Tells G20 To Keep Its Hands Off The Yuan
China told the rest
of the world on Friday not to meddle with the way it manages the yuan,
calling the exchange rate a sovereign matter for it alone to decide.
Beijing is under pressure from Washington in particular to let the yuan rise in value to help reduce the large U.S. trade deficit with China, and markets are expecting the issue to come up at next week's Group of 20 summit in Canada.
Read the entire article here.
Beijing is under pressure from Washington in particular to let the yuan rise in value to help reduce the large U.S. trade deficit with China, and markets are expecting the issue to come up at next week's Group of 20 summit in Canada.
Read the entire article here.
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