RMB Revaluation



Bank of Canada urges quicker China yuan rise
China would benefit from allowing a quicker appreciation of the yuan, Bank of Canada Deputy Governor Tiff Macklem said on Thursday.

China opposes IMF rule on exchange rate
China expressed reservations about a new International Monetary Fund ruling on exchange rate policy, saying drastic rate fluctuations will damage economic stability.


China urges patience on yuan reform

China urged on Thursday other countries to be patient on yuan exchange rate reforms and said a stronger renminbi is no panacea. QDII expanded

China's deputy central bank chief on Thursday fended off US pressure for a faster rise in the yuan, saying Beijing would stick to its two-year-old policy of gradual appreciation.

American Reaction
Worldwide Reaction