China says no to yuan revaluation

[Eugene]

http://news.bbc.co.uk/2/hi/business/4623435.stm

Last Updated: Sunday, 26 June, 2005, 04:16 GMT 05:16 UK

China says no to yuan revaluation

By Rupert Wingfield-Hayes
BBC News, Beijing

China's Prime Minister Wen Jiabao has said there is no hurry to
revalue the country's currency, the yuan.

Speaking to a meeting of European and Asian finance ministers in
China on Sunday, Mr Wen said a stable yuan is in the interests of
China and the world.

He told European finance chiefs a stable yuan helps world financial
stability and the growth of trade.

But the US thinks otherwise, and for months Washington has pressed
China to increase the value of its currency.

SNIP

Rest of article: http://news.bbc.co.uk/2/hi/business/4623435.stm

[still_one]

1. yeah the u.s. has been right on target for everything else

BULL

The U.S. assume if they revalue the yuan that American products will be more attractive to the overseas market

They are wrong

[shadowknows69]

2. Did Shrub think

that China was going to be all compassionate to our self imposed trade and budget defecits? They have us on the ropes and know it GW better try plan B.