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Image header Agence Europe
Europe Daily Bulletin No. 10101
GENERAL NEWS / (eu) eu/trade

De Gucht calls for appreciation of Chinese yuan but does not want open pressure on Beijing

Brussels, 18/03/2010 (Agence Europe) - In interviews with British daily Financial Times and French daily Les Echos on 18 March, European Trade Commissioner Karel De Gucht joined the United States in its criticism of the under-valuing of the Chinese currency, the yuan, which Beijing is artificially maintaining low to help Chinese exports and economic growth. “The yuan is under-priced. It certainly has an impact on their (US) export and trade patterns. The (American) complaint is legitimate...

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