Chinese Premier says RMB not undervalued
Chinese Premier Wen Jinbao has been using quite strong language in recent months when talking about the level of the Yuan and of Chinese financial interests around the globe.
Chinese Premier Wen Jinbao has been using quite strong language in recent months when talking about the level of the Yuan and of Chinese financial interests around the globe.
4 Responses to “Chinese Premier says RMB not undervalued”
Off topic: Isn’t jpy tax season about over. Aren’t yen going to be reinvested elseware? Removed from jpy economy. Where is the yen going?
Gday Sean. Do you think wen’s comments were expected? USDJPY isnt seeing much reaction and aud is failing to break 80 this mrng.
Hi HSBC. He seems to be going out of his way to cause debate in the US congress. He could just as easily say nothing about the level of the CNY and let things carry on as they are.
[...] Chinese Premier says CNY is not undervalued [...]