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No need for China yuan to fall -c.bank adviser

Posted on 29 December 2009

From Reuters: There is no reason for China’s yuan to depreciate against any currency, including the dollar, euro or yen, an adviser to its central bank said on Monday, highlighting the polarised nature of debate on the currency.

Fan Gang’s comments come a day after Premier Wen Jiabao struck a defiant note about the country’s exchange rate policy, saying that although the yuan was facing growing pressure to appreciate, Beijing is committed to keeping it stable……………………………………Full Article: Source


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