World Bank official says no case for revaluation
By Andrew Moody and Ding Qingfen | China Daily | Updated: 2010-03-31 08:09
Forecaster says change in the yuan's value would not solve US problems
BEIJING - A leading figure from the World Bank has rejected US government claims that the Chinese yuan is undervalued.
Hans Timmer, who has a high-profile role as director of the bank's Development Prospects Group, said US economic problems would not be solved by a change in the value of the yuan.
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