Ovetii have recently reported that China's new leadership will probably keep a gradual approach to exchange-rate changes, defying calls for faster yuan appreciation from U.S. policy makers. The nation's ruling Communist Party appointed four new members to its top executive body at its congress last week, making them potential successors to President Hu Jintao. The Group of Seven nations called for a quicker advance, even after the yuan's 10.5 percent gain since scrapping a dollar peg in July 2005.
Ovetii Report China To Retain Gradual Yuan Policy Website
Ovetii have recently reported that China's new leadership will probably keep a gradual approach to exchange-rate changes, defying calls for faster yuan appreciation from U.S. policy makers. The nation's ruling Communist Party appointed four new members to its top executive body at its congress last week, making them potential successors to President Hu Jintao. The Group of Seven nations called for a quicker advance, even after the yuan's 10.5 percent gain since scrapping a dollar peg in July 2005.
added by financemaster on 2007-12-06 04:08:04