Yuan surges 0.3% - is this a real change in Chinese currency policy? (India Daily)
Story date: 2007-10-28 10:11:00
Added on: 2007-10-28 23:00:21
China's central bank signaled it would tolerate faster appreciation to help narrow a record trade surplus. The G7 handed China a virtual ultimatum and China obliged quietly. But a 0.3% rise in Yuan against US Dollar in a single day would not make much difference.
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