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Can China de value Yuan ?

rakeshseth's picture
Submitted by rakeshseth on December 29, 2009 - 13:36

As per one note in money cnn, Chinese Premier Wen Jiabao again denied any attempt to de value Yuan. While US is pushing chinese to do something about Yuan. The currency is pegged to dollar and sinking dollar while Yuan fallen against most of other currencies.

Some US senators thinks that china is indirectly subsidising it's business by keeping it;s currency artificially low. Chinese premier said it will do whatever is required to maintain the current value and will not give up to foreign pressure.


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