China Lets Currency Appreciate a Bit Faster
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The increase fed speculation that China was yielding to international pressure and the state of its economy.
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The Group of Seven rich nations urged   China on Saturday to let its currency rise faster to help ease   perilous imbalances in trade and backed a rise in the yen to   reflect Japan's strengthening economic recovery.
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U.S. Treasury Secretary Henry  Paulson urged China on Tuesday to let its currency rise faster  in value and warned that rising protectionism threatened  U.S.-China relations.
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U.S. lawmakers stepped up pressure on  China to boost the value of its currency as high-level talks  aimed at persuading the country to quicken economic reforms  moved toward a conclusion on Friday.
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China raised interest rates on Friday  in the latest of a series of tightening steps aimed at keeping  inflation in check and preventing the world&#39;s fourth-largest  economy from overheating.
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China's central bank said it would take a &quot;gradual and safe&quot; approach to loosening the yuan-dollar peg, following International Monetary Fund (IMF) calls to let the currency float in a wider margin.
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China is creating an investment company to make better use of its $1 trillion foreign currency reserves.
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The time is right for China to end its currency&#39;s peg to the US dollar and it should do so in the interest of curbing domestic inflation and bolstering the global economy, the International Monetary Fund said.
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China raises interest rates in a move to dampen inflation and stop the economy overheating.
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CHINA has raised its interest rates for the first time in nine years to curb inflation and stop its fast-growing economy overheating.
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Tuesdayâs report said the Chinese had made strides in revaluing their currency, but that the progress was âconsiderably less than is needed.â
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Beijing. (Interfax-China) - China will speed up economic restructuring and reform and the adoption of market-based systems. Meanwhile, China will continue to maintain its open-door policies and meeting its
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China raised interest rates on Friday in the latest of a series of tightening steps aimed at keeping inflation in check and preventing the world's fourth-largest economy from overheating.
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Treasury Secretary Henry Paulson will urge the Chinese to adopt economic reforms, including a more flexible currency
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The Group of Seven rich nations took   aim at China on Saturday, urging Beijing to let its currency   rise faster to ease imbalances in trade and capital flows that   pose one of the biggest risks to global growth.
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People are sometimes more extravagant with currencies that have high face values.
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China may adjust its currency&#39;s peg to the dollar within a year by fixing the yuan against a basket of currencies rather than adopting a floating exchange-rate regime, according to JPMorgan Private Bank.