China hints at renminbi/yuan appreciation; Says think again - - it may not be China’s century
Mar 8th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
On Saturday, People's Bank of China governor, Zhou Xiaochuan, hinted that China will eventually end the fixed link of its currency, the renminbi/yuan with the US dollar, which he termed as a temporary response to the global financial crisis. But he signalled that change will not come soon. Meanwhile, a commentary published by the State news agency, Xinhua, says think again - - this may not be China's century.