China refutes allegations about undervalued yuan

Source: China.org.cn
© Scanpix/Reuters

At recent APEC summit US president has accused China of undervaluing its currency to be more price competitive. China's Ministry of Commerce refuted these allegations as being unjustified. Many analysts claimed yuan is adequately priced and exchange rate of China's currency is not a cause for trade imbalance between US and China.

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Wed, 16 Nov 2011 14:42:31 GMT

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