Snow: Let China decide on RMB
By Zhou Yan | China Daily | Updated: 2010-04-10 07:28
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John Snow, former US Treasury Secretary, said it is up to Chinese leaders to decide the timing of any yuan revaluation, although he believes a gradual currency revaluation would be the best option for China. Yong Kai / China Daily |
SHANGHAI - It won't be a surprise if the Chinese government soon shifts its currency policy in the light of mounting inflationary pressure in the nation, although it is up to China itself to decide the timing of any yuan revaluation, former US Treasury Secretary John Snow said on Friday.
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