Sunday, May 20, 2007

China Growth, Not Paulson, May Force Government to Accept Yuan Revaluation

(Bloomberg) -- China faces growing pressure to
increase the value of the yuan, and Henry Paulson has nothing to
do with it.

The world's fastest-growing economy is so hot that the
government is considering a currency revaluation prompted by
uncontrollable money supply growth, inflation, a runaway stock
market and ballooning foreign exchange reserves.


Read more at Bloomberg Currencies News

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