| 24.07.2009 - IMF members divided on Chinese currency |
| From Reuters: IMF member countries agree a stronger Chinese currency would boost domestic consumption but are split over how much it would contribute to rebalancing growth in China, a senior IMF official said on Thursday. Mission chief for China Nigel Chalk said IMF staff believed a stronger yuan would help China's economy rebalance and viewed the currency as "substantially undervalued"...........Full Article: Source |